Sunrun Inc RUN shares are trading higher by 3.7% to $15.72 Wednesday morning after Citigroup upgraded the stock from Neutral to Buy. The stock also rose 8.5% during Tuesday's session amid broader market strength following a drop in Treasury yields from the release of new U.S. economic data.
Lower U.S. Treasury yields can create a positive sentiment in the stock market. Investors might interpret this as a signal that the economy could be slowing down, leading to expectations that the Federal Reserve might keep monetary policy accommodative to support economic growth.
What's Going On With Key Economic Data Wednesday?
The momentum driving the U.S. economy has decelerated, with the Bureau of Economic Analysis revising growth projections for the second quarter of the year in a downward direction.
The U.S. economy experienced a quarter-on-quarter expansion of 2.1% on an annualized basis in the second quarter of 2023, well below than the initial estimate of a 2.4% growth...Read More
According to data from Benzinga Pro, Sunrun has a 52-week high of $39.13 and a 52-week low of $13.30.
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