Sun Run Pushing up from Discount Price?Sun Run NASDAQ:RUN is pushing up from the 'Discount Sale Price'. It is 50 - 100% away from previous highs. How far will it go?
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About Sunrun Inc
Sector
Utilities
Industry
Alternative Power Generation
CEO
Mary G. Powell
Website
sunrun.com
Headquarters
San Francisco
Employees
12.408K
Founded
2007
ISIN
US86771W1053
Sunrun, Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships. The company was founded by Edward Harris Fenster, Robert Nat Kreamer, and Lynn Michelle Jurich in January 2007 and is headquartered in San Francisco, CA.
SUNRUN Stock Chart Fibonacci Analysis 042023Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 20.2/61.80%
SunRun to $30+
The TA is simple.
RUN has fallen below it's trend line and I believe this is unjustified in light of the companies fundamentals.
Solar and energy are hot markets as public pressure weighs on fossil fuel companies.
SunRun has solid earnings through a very bearish 2022,
and despite being not far off
Has FUD ended?Sunrun has been sold heavily after the news about SVB. I think FUD affected SUNRUN heavily. The chart is showing that we are at the support. Summer is near as well. We may see a recovery from here. Targets would be 24 and 28. Then breaking the wedge would be hudge!
Disclaimer – WhaleGambit. Plea
$RUN rangebound & close to major supportSUNRUN beat expectations but rates can be problem into the future
This is a good long term sector
$RUN has been rangebound for a long time
Close to MAJOR support & risk reward is good imo
Picked some up this morning
#solar #energy #stocks
SHORT RUN? maybe when it was $60RUN has been range bound since Feb 2022, and trading down into long terms support levels where is is repeatedly bought.
The professional entry here was opening a short position at $60 once the double top rejection was confirmed. Chasing this down and entering at the 1 year support level seems dang
RUN is at an inflection point. The direction of the break out of this triangle should decide which way RUN is gonna run.
RUN hedged options strategyThere are lots of bullish arguments to make for solar stocks this year, including the Inflation Reduction Act and global demand, especially in Europe. California-based Sunrun designs, installs, sells and maintains residential solar panels directly to customers. Other business areas include battery s
RUN away as fast as you canSometimes you get a trade idea that gives you both fundamentals and technicals coming together. I think this is one of those.
RUN Technical Thesis:
With the primary thesis on this trade being the fundamental story, it's nice to have some technical confluence here.
✅ Bare minimum I see this com
RUN: ABOUT TO RUN IF TREND LINE BREAKSRUN (SUNRUN):
Stock in a downtrend since January 2021.
If you connect the highs you get this trend line .
Watch for RUN to break this line for a potential run to 37.65. Next targets are 50 and 58.9
Trade safe.
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
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