On June 10, Sunrun Inc. fell 8.28% in regular trading, trading at $12.39/share, with trading volume of approximately $53.29 million.
On the news front, Sunrun filed an exempt securities offering notice with the SEC on June 8, signaling that the company is undertaking a new round of financing. The market reacted negatively to the potential equity dilution risk associated with the issuance. The company currently trades at a price-to-book ratio of just 0.96x with a total market capitalization of approximately $3.2 billion.
Within the Electrical Components & Equipment sector, performance was mixed. Among individual stocks, eLong Power Holding Ltd up 82.33%, FuelCell up 10.09%, Fluence Energy down 3.16%, Eaton Corp PLC down 3.12%, Vertiv Holdings LLC down 6.42%.
Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also offers battery storage and sells services to commercial developers. The company was founded in 2007 and is headquartered in San Francisco, California.
(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.)