Chart of Day: Sunrun (RUN) – 4/20

Keep an eye on solar stocks, like Sunrun (RUN).

After bottoming out at around $10, Sunrun (RUN) is slowly starting to pivot higher. From its last traded price of $10.85, we’d like to see it test $13 initially.

Reuters reported, “The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariff.”

“Duties on imports of bifacial panels, the main technology in utility-scale solar projects, would be a boon to the more than 40 solar equipment factories planned since U.S. President Joe Biden signed his landmark climate change law, the Inflation Reduction Act, in 2022.”

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