Movement Alert|Sunrun Rises 8.08% in Regular Trading, Broad Sector Strength and Analyst Buy Rating Provide Support

Market Focus
06/19

On June 18, Sunrun rose 8.08% in regular trading, trading at $13.48/share, with turnover of $87.32 million. The stock significantly outperformed its sector peers amid a broad rally in electrical components and equipment names.

On the news front, UBS recently adjusted its price target on Sunrun from $23 to $20 while maintaining a Buy rating, implying roughly 48% upside from current levels. According to analyst consensus, Sunrun carries an average Overweight rating with a mean price target of $18.88, well above the current trading price. The stock trades at a P/E of 5.23 and a price-to-book ratio of 0.89.

Within the Electrical Components and Equipment sector, the broader group posted solid gains. Among individual stocks, Vertiv Holdings LLC up 5.41%, Generac up 4.33%, nVent Electric up 3.70%, Eaton Corp up 3.33%, Emerson up 1.27%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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