Why Sunrun Inc. (RUN) Is Skyrocketing?

We recently published a list of These 10 Firms Were Thursday’s Top Performers. In this article, we are going to take a look at where Sunrun Inc. (NASDAQ:RUN) stands against other firms that were Thursday’s top performers. Wall Street’s main indices closed higher again on Thursday, with the Dow eking out a 0.92-percent gain, while [...]

In This Article: We recently published a list of These 10 Firms Were Thursday’s Top Performers . In this article, we are going to take a look at where Sunrun Inc. (NASDAQ:RUN) stands against other firms that were Thursday’s top performers.

Wall Street’s main indices closed higher again on Thursday, with the Dow eking out a 0.92-percent gain, while the S&P 500 and Nasdaq Composite grew 0.53 percent and 0.

22 percent, respectively. Ten companies, predominantly under the health, energy, and technology sectors—mirrored the gains on the back of stronger earnings performance and other catalysts fueling buying appetite. Thursday’s top advancers only considered the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A field of solar panels glistening in the afternoon sun, symbolizing the company's renewable energy ambitions. Sunrun Inc. (NASDAQ:RUN) American solar company Sunrun Inc.

(NASDAQ:RUN) saw its share prices jump by 10.40 percent to end at $9.34 each—a second consecutive day of rally—as investors repositioned their portfolios ahead of the release of its fourth quarter and full-year earnings results next month, while also resorting to bargain-hunting after hitting a new 52-week low.

On Wednesday, Sunrun (NASDAQ:RUN) touched a new all-time low amid concerns about its earnings performance, as the company faces significant headwinds over the past year, coupled with fears that President Donald Trump’s shunning from the renewable energy sector could dampen its future growth. Over the past 12 months, Sunrun’s (NASDAQ:RUN) revenues declined by 13.46 percent, though it maintains a current ratio of 1.

47. Overall, RUN ranks 6th on our list of firms that were Thursday’s top performers. While we acknowledge the potential of RUN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame.

If you are looking for an AI stock that is more promising than RUN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey .

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