Ladies and gentlemen, in today's financial analysis, we focus on Sunrun, examining recent price movements and conducting a comprhensive outlook.
First, we notice something significant: the stock has dropped by 16% from its previous trading zone. This is noteworthy, especially if the stock shows signs of going up again.
Now, let's discuss what happened at the Jackson Hole Symposium. The Federal Reserve Chair, Jerome Powell, talked about raising interest rates, which is different from what other officials said. For example, Patrick Harker from the Philadelphia Fed thought we should keep interest rates as they are. Austan Goolsbee, the Chicago Fed President, was also cautious. He mentioned challenges like high inflation, problems in the supply chain, and the possibility of a big strike in the auto industry. Despite these challenges, he remained hopeful that we can control inflation without causing a recession. He also stressed the importance of using data to make decisions, especially the real interest rate. The stock market liked what he said, and the SPDR S&P 500 ETF Trust went up by 0.8%.
Now, let's look ahead. I believe things might change for $NASDAQ:RUN. This belief comes from seeing other companies in the alternative power generation sector, like
NEP
,
NOVA
, and
RNW
, starting to do better based on their recent performance. We've also heard that inflation might not keep going up, which is good news for RUN. In this situation, my plan is to keep a close eye on the market and stay updated on the latest news. I'll make sure to update this report with any new information.
Comment:
As I am writing this update, I am very glad to see that my previous intensions were coming right. Google's parent company, Alphabet Inc. (GOOGL) has decided to enter as well into the renewable-energy products, with potential income of up to 100 000 000 $ in the first year. This news made RUN and the ALTERNATIVE POWER GENERATION stock pairs to go up on average to 4% witch is very good. Additionally let's not forgot that the price haven't reached our major swap zone of 16,89 $ - 16,09 $ and we should still be careful on our outgoing trades as these zone may still be valid or not