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Sunrun (RUN, $52.16) shares get rating boost at Piper Sandler
On Friday, Sunrun shares were upgraded to overweight from neutral at Piper Sandler.
Piper Sandler set a $77 price target on the solar energy company’s shares, implying a 63% potential upside from the Thursday closing price. Piper cited "strong growth story associated with residential solar" and the company's management team as key strengths.
Also, RBC analyst Elvira Scotto recently mentioned that Sunrun has roughly 25% of the total residential rooftop market, and its size, scale and brand bolster its ability to garner customers and secure better financing. RBC has an outperform rating and $81 price target on Sunrun shares.
Last month, Goldman Sachs analyst Brian Lee boosted rating on the company’s shares to buy from neutral. Morgan Stanley's Stephen Byrd upgraded the company to overweight from equal-weight, while lowering his price target to $86 from $89. Susquehanna Financial analyst Biju Perincheril initiated coverage of Sunrun shares with a positive rating and $75 price target.
RUN's RSI Oscillator recovers from oversold territory
The RSI Oscillator for RUN moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In 21 of the 24 cases the stock moved higher. This puts the odds of a move higher at 88%.
Current price $23.89 crossed the support line at $40.01 and is trading between $40.01 support and $5.57 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a +20% Uptrend. During the week of 05/19/22 - 05/26/22, the stock enjoyed a +2% Uptrend growth.
The Momentum Indicator moved above the 0 level on May 23, 2022. You may want to consider a long position or call options on RUN as a result. In 73 of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 80%.
The Moving Average Convergence Divergence (MACD) for RUN just turned positive on May 16, 2022. Looking at past instances where RUN's MACD turned positive, the stock continued to rise in 37 of 44 cases over the following month. The odds of a continued upward trend are 84%.
Following a +7.37% 3-day Advance, the price is estimated to grow further. Considering data from situations where RUN advanced for three days, in 304 of 360 cases, the price rose further within the following month. The odds of a continued upward trend are 84%.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RUN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 79%.
The Aroon Indicator for RUN entered a downward trend on May 18, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 66%. During the last month, the daily ratio of advancing to declining volumes was 1.65 to 1.
The Tickeron PE Growth Rating for this company is 1 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 58 (best 1 - 100 worst), indicating fairly steady price growth. RUN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 72 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RUN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.
The Tickeron SMR rating for this company is 74 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 95 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 99 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.801) is normal, around the industry mean (13.933). P/E Ratio (0.000) is within average values for comparable stocks, (69.995). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.188). RUN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). P/S Ratio (2.788) is also within normal values, averaging (34.328).
The industry produces a diverse range of electricity-powered equipment, appliances and components, catering to both households and industries. The products include power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; light bulbs, tubes, fittings and electric signs etc. Consumer income, construction spending, and industrial production are major drivers of demand for this industry’s products. Large companies tend to have economies of scale in production, marketing, and distribution, while smaller companies can potentially carve out their own market through niche or specialty offerings. The US electrical products manufacturing industry includes about 5,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $125 billion. (according to a study published in First Research). Emerson Electric Co., Hubbell Incorporated and Eaton Corporation plc are major electrical products makers in the U.S.
The average market capitalization across the Electrical Products Industry is 3.1B. The market cap for tickers in the group ranges from 68.7K to 151.4B. NISSF holds the highest valuation in this group at 151.4B. The lowest valued company is SNRY at 68.7K.
The average weekly price growth across all stocks in the Electrical Products Industry was 2.07%. For the same Industry, the average monthly price growth was -2.54%, and the average quarterly price growth was -24.87%. CSSXF experienced the highest price growth at 75.15%, while CHGI experienced the biggest fall at -27.83%.
- 5/18/22 5:18 AM: Sunrun (RUN, $21.96) was a top weekly gainer, with a +7.33% jump
- 5/3/22 8:19 AM: Sunrun (RUN, $21.76) was a top weekly gainer, with a +5.89% jump
- 4/6/22 8:51 AM: Sunrun (RUN, $31.13) was a top loser this week, declining -7.87%
The average weekly volume growth across all stocks in the Electrical Products Industry was -17.52%. For the same stocks of the Industry, the average monthly volume growth was -3.35% and the average quarterly volume growth was -4.42%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the RSI Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 41%. During the last month, the daily ratio of advancing to declining volumes was 1.46 to 1.
5 stocks in the group of tickers exhibit a similar positive trend based on the 15 indicator with an average likelihood of 78%.
The average market capitalization across the group is 3.4B. The market cap for tickers in the group ranges from 0 to 18.6B. BIP holds the highest valuation in this group at 18.6B. The lowest valued company is GESI at 0.
The average weekly price growth across all stocks in the group was 11.19%. For the same group, the average monthly price growth was 4.76%, and the average quarterly price growth was -10.15%. NXGB experienced the highest price growth at 103.2%, while GBRCF experienced the biggest fall at -11.41%.
- 5/20/22 5:28 AM: Gold Bull Resources (GBRCF, $0.09) was a top weekly gainer, with a +9.25% jump
- 5/19/22 8:24 AM: Clearway Energy (CWEN, $33.16) was a top weekly gainer, with a +6.42% jump
- 5/18/22 5:18 AM: Sunrun (RUN, $21.96) was a top weekly gainer, with a +7.33% jump
The average weekly volume growth across all stocks in the group was 156.49%. For the same stocks of the group, the average monthly volume growth was 42.92% and the average quarterly volume growth was 8840.63%
- 4/15/22 4:33 AM: The volume for Clearway Energy stock increased for one day, resulting in a record-breaking daily growth of 259% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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