SUNRUN $RUN Pullback opening a beautiful buy-window: 80/s?$RUN has had a tough go in the market today; it's nearly down 6 percent.
This should open a nice buy-window for an eventual, pretty-long play on $RUN.
That said, currently, we're looking at a very red situation for those who entered late last week. Patience, there, must be exercised.
The highlighted red ellipse shows a perfect entry on SUNRUN. Those stuck w/ an average cost of 88+ // HOLD. This is a pullback that we could have expected, and there is no reason to exit w/ the trough showing a likely low-point of 80/s. This might be frustrating, but patience and deep breaths can save money here.
That's this trader's thoughts, anyway.
Do ya homework, employ ya minds,
AND GL n SH*T.
--BDR
Sunrun
SunRun to $82 then $126 and ultimately $172 by Q1 2021SunRun (RUN) has made some amazing gains in the past and it's clearly shown it has broken its downtrend pattern after the merger w/ Vivint Solar (VSLR). Vivint has an amazing management team and was doubling revenue every 2 years.
The combination of the 2 companies makes for the world's 3rd largest global owner of solar capacity:
www.greentechmedia.com
Only 3% of US households have solar installed yet 9 out of 10 desire to have it. The future is bright for VSLR / RUN holders.
There is so much upside here that its pretty easy to spot considering the entire world is transitioning to higher proportion of solar energy.
The pro-forma company will have:
495k customers combined
3,435 MW cumulative solar installations
$592 million of cash on the Balance Sheet
Revenue Growth
Here is what Revenue Growth will look like over next couple of years as well:
2020: $898m
2021E: $1,292m (44% increase year-over-year)
2022E: $1,483m (15% increase)