RUN - What's Happening With Sunrun Stock? | Benzinga
Sunrun Inc (NASDAQ:RUN) shares are trading lower by 6% to $11.56 Thursday afternoon. The stock is trading lower after inflation impacting American producers showed mixed results. The Producer Price Index (PPI) headline figure didn’t meet expectations, causing uncertainty regarding interest rate cuts.
However, the underlying gauge exceeded expectations, with a year-on-year increase of 2.1%, the highest in nearly a year. This uptick, coupled with strong consumer inflation data, elicited significant market reactions…Read More
Why This Matters
The residential solar industry relies heavily on financing options such as leases, power purchase agreements (PPAs), and loans to make solar installations affordable for homeowners. Rising inflation and potential interest rate hikes can increase the cost of borrowing for both Sunrun and its customers.
Higher interest rates ...