Why Sunrun's Shares Popped 13.6% in February
Shares of solar installer Sunrun Inc. (NASDAQ: RUN) jumped an impressive 13.6% in February, according to data provided by S&P Global Market Intelligence, as the market overall started to collapse. Shares have held their own, climbing another 4.6% in the first week of March.
There were a few competing narratives for investors to digest. One is that interest rates were starting to fall in February, a plunge that continues in March, and that helps Sunrun's long-term value. The company finances the residential solar systems it installs, so lower rates mean the contracted cash flow is worth more than if rates were higher. Last month, that overwhelmed a fairly disappointing fourth quarter.
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Source Fool.com
