The Relative Strength (RS) Rating for SunRun stock moved up into a new percentile Tuesday, as it got a lift from 68 to 77.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if SunRun stock can continue to rebound and hit that benchmark.
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Is SunRun Stock A Buy?
SunRun stock has been trading in a tight, flat consolidation for the past 12 months. The solar stock is not currently offering a proper buying opportunity. See if the stock goes on to build a chart pattern that could kick off a new climb. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth moved up in the solar energy company's most recent report from 0% to 773%, but the top line fell from 46% to 44%. Keep an eye out for the company's next round of numbers on or around Feb. 22.
SunRun stock holds the No. 8 rank among its peers in the Energy-Solar industry group. Enphase Energy and JinkoSolar Holding ADR are also among the group's highest-rated stocks.
