Why Sunrun Stock Is Getting Hammered Today
Portfolio Pulse from Henry Khederian
Shares of Sunrun Inc (NASDAQ:RUN) fell by 8.5% amid a broader weakness in solar-related stocks, following a weak preliminary Q3 outlook from SolarEdge Technologies. SolarEdge's downward adjustment in non-GAAP gross margin guidance suggests increased pricing and margin pressure within the solar industry, which could negatively affect Sunrun's profitability. Solar companies often share supply chain relationships and distribution networks, so any difficulties faced by SolarEdge could disrupt Sunrun's operations and impact their revenue and profitability.
October 20, 2023 | 1:01 pm
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Sunrun's stock price fell following SolarEdge's weak Q3 outlook. The downward adjustment in SolarEdge's non-GAAP gross margin guidance suggests increased pricing and margin pressure in the solar industry, which could negatively affect Sunrun's profitability.
Sunrun's stock price fell due to a weak Q3 outlook from SolarEdge, a company in the same industry. This suggests increased pricing and margin pressure in the solar industry, which could negatively affect Sunrun's profitability. Additionally, any difficulties faced by SolarEdge could disrupt Sunrun's operations and impact their revenue and profitability due to shared supply chain relationships and distribution networks.
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