Tag Archives: run

SolarCity, SunEdison, SunPower Flash On Tax Extension

IBD’s Energy-Solar Group shone Wednesday after Congress planned to extend a key solar tax credit by five years. SolarCity (SCTY), SunEdison (SUNE), SunPower (SPWR) and Sunrun (RUN) stocks gapped up double digits. IBD’s 22-company Energy-Solar group was up more than 13% in midday trading on the stock market today, touching a four-month high. Big winners included No. 1 residential installer SolarCity, which was up 26% and hit a four-month high, and

Sunrun Mixed Q3 Shines Light On Shadowed SunEdison

Sunrun (RUN) stock lifted hard-pressed SunEdison (SUNE) Friday, after newbie-IPO Sunrun late Thursday reported a Q3 loss nearing the black and a 47% year-over-year jump in sales. In afternoon trading Friday, Sunrun stock was up nearly 10%. Earlier, shares rose as much as 21%. SunEdison stock reversed a four-day downtrend to rise as much as 14% in the stock market today. In afternoon trading, SunEdison stock was up 9%. Shares of SunEdison plunged

Solar Firms, Utilities Clash As 30% Tax Credit Fades

The solar industry and utilities are prepping for a battle on Capitol Hill over an expiring 30% subsidy that benefits the greener industry and threatens the traditional powers that be. On one side, solar energy companies — like SolarCity (SCTY), First Solar (FSLR), SunPower (SPWR), SunEdison (SUNE) and Sunrun (RUN) — say the 30% investment tax credit (ITC) has guided their fledgling industry to 1,600% growth in installations over the subsidy’s