NEW YORK, December 31, 2025, 15:30 ET — Regular session
Sunrun Inc. shares fell 3.8% to $18.37 in afternoon trading on Wednesday, extending a pullback in rate-sensitive solar names on the final session of the year. The Nasdaq-listed stock opened at $19.06 and traded between $18.34 and $19.20.
The move matters now because residential solar installers are closely tied to interest rates: higher borrowing costs can raise customer monthly payments and pressure the economics of financing-heavy business models. U.S. Treasury yields edged higher after a surprise drop in jobless claims, with the 10-year yield up about 1 basis point — one-hundredth of a percentage point — to 4.138%. 1
Holiday-thin trading can exaggerate swings, with many investors closing books and adjusting positions into year-end. “It’s perfectly fine in any bull market to have moments of cost,” said Giuseppe Sette, co-founder and president of Reflexivity, pointing to profit-taking when liquidity is low. 2
Solar peers were also lower. Enphase Energy fell about 1.4%, SolarEdge Technologies slipped about 1.2% and First Solar was down roughly 1.2%, while the Invesco Solar ETF lost about 1%.
Sunrun markets solar-plus-storage largely through long-term subscription agreements that aim to keep upfront costs low for homeowners, putting financing conditions front and center for demand. 3
Company-specific news has been scarce in the last couple of weeks. Sunrun’s most recent investor-site announcement was a Dec. 16 partnership with NRG Energy to offer solar-plus-storage to Reliant customers in Texas and aggregate home batteries to supply capacity to the ERCOT grid. 4
On the filings front, Sunrun’s investor relations page lists its latest posted SEC items as dated Dec. 22, including insider transaction reports, leaving Wednesday’s trade dominated by rates and broader risk appetite. 5
The stock has been volatile, trading in a 52-week range of $5.38 to $22.44, underscoring how quickly sentiment can swing in residential solar when policy and interest-rate expectations shift. 6
Investors are also looking ahead to the early-January run of U.S. labor market data that helps shape Federal Reserve expectations. Weekly jobless claims fell to 199,000 for the week ended Dec. 27, below economists’ forecast of 220,000, while the Labor Department is due to publish December employment figures on Jan. 9, a Reuters report said. 7
For Sunrun, the next scheduled public appearance on its investor calendar is the Goldman Sachs Energy, Cleantech & Utilities Conference in Miami on Jan. 5–7, where any commentary on demand, pricing and financing conditions will be watched closely. 8
With the stock trading below the prior day’s close and the sector drifting with yields, short-term traders will be watching whether rates keep firming into the close and whether solar names stabilize alongside the broader market.
