10 Firms Defy Market Pessimism

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5. Sunrun Inc. (NASDAQ:RUN)

Bargain-hunting pushed Sunrun’s prices higher by 9.53 percent on Friday to close at $10.23 apiece amid a series of catalysts that buoyed market optimism.

After hitting a new 52-week low in the middle of the week, investors resorted to bargain-hunting to take advantage of its cheap valuations.

On Wednesday, Sunrun 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.

On Tuesday, Trump ordered the US withdrawal from the Paris Agreement which aims to cut carbon emissions in a bid to limit global warming.

Lastly, investors may have repositioned their portfolios ahead of the company’s release of its fourth quarter and full-year earnings results next month.

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