Angelica Ballesteros
2 min read
In This Article:
We recently published a list of LOOK: These 10 Stocks Just Stole The Show. In this article, we are going to take a look at where Sunrun Inc. (NASDAQ:RUN) stands against other best-performing stocks of Friday.
Sunrun saw its share prices jump by 18.06 percent on Friday to close at $10 apiece, as investors resorted to bargain-hunting following two straight days of decline.
In recent news, Sunrun Inc. (NASDAQ:RUN) announced the switch-on of 130,000 home batteries to support the country’s power grid this summer. This represented more than two-thirds of its total battery fleet.
A field of solar panels glistening in the afternoon sun, symbolizing the company's renewable energy ambitions.
In its grid service programs, Sunrun Inc. (NASDAQ:RUN) said that it was capable of dispatching 650 megawatts of peak power, enough to energize 480,000 homes at critical times every day to support the expected higher demand for electricity.
“America is entering a period of insatiable, hockey-stick energy demand driven by manufacturing, data centers, and AI,” said Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell.
“Sunrun’s laser focus on pairing storage with solar puts us in a position to rapidly bring new generating capacity online to stabilize the grid and help lead the nation toward energy independence,” she added.
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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
