Sunrun (RUN) Slashes 8.4% as Tax Credit Deadline Looms

Company Performance - Sunrun Inc. (NASDAQ:RUN) experienced an 8.40% decline on Monday, closing at $18.55, as investors engaged in profit-taking after five consecutive days of gains and ahead of the impending tax credit deadline for clean energy investments [1] - In the third quarter, Sunrun reported a net income attributable to shareholders of $16.6 million, a significant turnaround from a net loss of $83.77 million in the previous year [4] - Revenues for Sunrun grew by 34.8% year-on-year, reaching $724 million, up from $537 million, driven by increased sales of solar energy systems and products [5] Industry Context - Solar customers currently benefit from a 30% tax credit, which is set to expire on December 31, 2025, as per the One Big Beautiful Bill Act signed by President Trump [2] - Analysts predict that the approaching tax credit deadline may boost solar companies' earnings in the latter half of 2025, as customers are expected to rush to complete installations before the deadline, although earnings may decline thereafter due to reduced solar installations [3] - The sentiment for Sunrun was negatively impacted by the bankruptcy filing of PosiGen, a competitor, which occurred following cuts to solar tax credits by the Trump administration [4]