Why These Energy Stocks Are Gaining This Week

Page 9 of 9

1. Sunrun Inc. (NASDAQ:RUN

Share Price Gains Between May 29 – June 5: 22.34%

Sunrun Inc. (NASDAQ:RUN) is America’s leading provider of clean energy as a subscription service, offering residential solar and energy storage with no upfront costs.

Sunrun Inc. (NASDAQ:RUN) nosedived by over 46% in May after the House of Representatives narrowly passed President Trump’s ‘one big beautiful bill’, which ends the investment and electricity production credits for clean energy facilities. The bill is especially damaging for the rooftop solar industry as the credits for rooftop solar and battery storage would end this year, proving disastrous for companies like Sunrun Inc. (NASDAQ:RUN) that lease equipment to customers.

The attention now turns to the Senate, where the renewables industry is hoping that cooler heads will prevail and the House bill won’t fly. Even some Republican senators have made it clear that they want to change the deep cuts to the Inflation Reduction Act, restoring some degree of investor confidence in players like Sunrun Inc. (NASDAQ:RUN). The rebound could also be the result of investors perceiving the stock as undervalued and picking it up at a lower, more attractive price.

While we acknowledge the potential of RUN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RUN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Cheap Energy Stocks to Buy Now and 15 Best Large Cap Energy Stocks to Buy According to Hedge Funds

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9