Sunrun Inc. Upgrade: Rising on Solar Energy's Bright Future
Piper Sandler analysts have upgraded Sunrun Inc.'s stock rating from "Neutral" to "Overweight". Experts view the recent statement by the US Federal Reserve about pausing interest rate hikes as an "unequivocally positive" catalyst for the solar energy sector in the coming year. This industry has developed thanks to "cheap" credit resources, so a reduction in rates will help lower Sunrun Inc.'s debt burden and positively impact the company's financial position.
Therefore, today, we turn our attention to the stock chart of Sunrun Inc. (RUN).
On the D1 timeframe, a support level was formed at 17.24, and the resistance at 18.98 was breached yesterday. A trend reversal from a downward to an upward trend is apparent. The breach of resistance increased the potential for further long-term growth in these stocks.
On the H1 timeframe, considering buying from current positions with a short-term target of 23.78 could be of interest. In the medium term, a long position can be maintained up to 32.52. An important signal for continuing the upward trend will be the consolidation of quotes above 18.98.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Therefore, today, we turn our attention to the stock chart of Sunrun Inc. (RUN).
On the D1 timeframe, a support level was formed at 17.24, and the resistance at 18.98 was breached yesterday. A trend reversal from a downward to an upward trend is apparent. The breach of resistance increased the potential for further long-term growth in these stocks.
On the H1 timeframe, considering buying from current positions with a short-term target of 23.78 could be of interest. In the medium term, a long position can be maintained up to 32.52. An important signal for continuing the upward trend will be the consolidation of quotes above 18.98.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.