Sunrun (RUN) Stock: Why Its Trending Today

By Amit Chowdhry ● Jul 15, 2022
  • The Sunrun Inc. (NASDAQ: RUN) stock is trending today. This is why.

The Sunrun Inc. (NASDAQ: RUN) stock as it fell over 8% during intraday trading today. Investors are responding to US Senator Joe Manchin III (D-WV) – who is known for investing in the coal industry – opposing the clean energy program being spearheaded by his own political party.

This individual has a disproportionate amount of power as no Republicans are supporting the infrastructure bill that contains the clean energy program. This program is intended to slow global warming and also meet the requirements of the Paris Agreement target of net zero by 2050.

While Manchin cited inflation and the deficit as reasons for opposing the bill, the White House issued a statement in disagreement. Last year, Sludge co-founder David Moore wrote a comprehensive report about all of the donations that Manchin receives from oil and gas companies – which is likely influencing his decisions about clean energy bills.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.