Why Sunrun Shares Are Rising
Portfolio Pulse from Henry Khederian
Sunrun Inc's shares are trading higher after Citigroup upgraded the stock from Neutral to Buy. The rise also follows a drop in Treasury yields, which can create positive sentiment in the stock market. The U.S. economy's growth projections for the second quarter have been revised downwards, which may lead to expectations of the Federal Reserve keeping monetary policy accommodative to support economic growth.
August 30, 2023 | 2:33 pm
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Sunrun Inc's stock is trading higher following an upgrade from Citigroup and a drop in Treasury yields. The downward revision of U.S. economic growth projections may also influence the stock's performance.
The upgrade from Citigroup is a positive signal for investors, which can drive the stock price up. Additionally, lower Treasury yields can create a positive sentiment in the stock market, potentially benefiting Sunrun. The downward revision of U.S. economic growth projections may lead to expectations of the Federal Reserve keeping monetary policy accommodative, which can also support the stock's performance.
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