SunRun stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 64 to 78. Solar energy stocks have been struggling in the past 12 months, but there's a few names that shine brighter amongst the group, such as SunRun and Enphase Energy.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of over 80 in the early stages of their moves. See if SunRun can continue to rebound and clear that threshold.
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Is SunRun Stock A Buy?
SunRun stock is building a cup without handle with a 20.68 entry. See if the stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The solar energy company posted negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Feb. 21.
SunRun stock holds the No. 6 rank among its peers in the Energy-Solar industry group. Shoals Technologies and Enphase Energy are also among the group's highest-rated stocks.
