Why These Energy Stocks Are Gaining This Week

2. Sunrun Inc. (NASDAQ:RUN

Share Price Gains Between June 18 – June 26: 26.43%

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 earlier this month following a massive setback for the U.S. rooftop solar industry, with the draft version of the Senate Finance Committee’s tax and spending bill proposing an abrupt end to a tax credit for solar leasing companies and homeowners who buy panels outright.

However, Sunrun Inc. (NASDAQ:RUN) garnered some much-needed investor optimism this week following reports that the Senate Republicans are now working on adjustments to residential solar energy initiatives, indicating a more generous attitude by the lawmakers towards the industry.

Senator Kevin Cramer told reporters that ‘there is work being done’ on rooftop solar as part of discussions around fixing the language on the future of tax credits for clean energy projects.

Moreover, Sunrun Inc. (NASDAQ:RUN) announced that it dispatched over 340 MW of stored energy from its home battery fleet on June 24 to support power grids in California, New York, Massachusetts, Rhode Island, and Puerto Rico.