RUN Stock Recent News

Solar stocks moved sharply lower after a US Senate panel has proposed phasing out solar and wind energy tax credits by 2028. The proposal is an amendment of president Donald Trump's sweeping tax-cut and spending bill, called the “One Big, Beautiful Bill Act,” which narrowly passed the House last month.

Residential solar firm Sunrun (NASDAQ: RUN), part of BlackRock's (NYSE: BLK) portfolio, has been hit with a devastating Wall Street downgrade that effectively renders the stock worthless.

Solar stocks fell sharply on Tuesday after the U.S. Senate Finance Committee unveiled its version of President Donald Trump's tax bill which slashed renewable energy incentives.

The Senate version of the bill includes a provision that would fully phase out both solar and wind power tax incentives by 2028. It does, however, keep incentives for nuclear, hydropower and geothermal energy for longer.

Senate Republicans detailed changes to Trump's tax and spending bill that would end tax credits for some renewable energy by 2028.

Sunrun stock price has bounced back in the past few days as investors watch the progress on the Big Beautiful Bill (BBB) in the Senate and others go for bargain hunting. RUN share price jumped to $10 on Friday, up by 65% from its lowest level this month.

The latest trading day saw Sunrun (RUN) settling at $8.70, representing a -1.81% change from its previous close.

Jefferies sees winners and losers as the legislation reshapes the industry.

Solar stock Sunrun Inc (NASDAQ:RUN) was last seen down 4.2% at $8.49 after a downgrade from Jefferies to "underperform" from "hold.

Sunrun is the largest residential energy generating company in America, using batteries paired with solar to improve grid reliability and provide backup power during outages Sunrun is the largest residential energy generating company in America, using batteries paired with solar to improve grid reliability and provide backup power during outages