We recently published 10 Stocks Shine Brighter Than Wall Street. Sunrun Inc. (NASDAQ:RUN) is one of Monday’s top performers.
Sunrun Inc. (NASDAQ:RUN) grew its share prices by 11.35 percent on Monday to finish at $15.50 apiece as investors welcomed new tax credit rules for solar and wind energy projects that were less restrictive than investors feared.
Instead of spending at least 5 percent of the project cost, updated guidelines issued by the US government last week said that companies must show that they have kicked off physical project construction before July 5, 2026, to qualify for tax credits.
“This test focuses on the nature of the work performed, not the amount or the cost,” said the guidance. “Provided that physical work performed is of a significant nature, there is no fixed minimum amount of work or monetary or percentage threshold required to satisfy the Physical Work Test.”
Previously, developers had to prove that they were able to spend 5 percent or more of the total cost to qualify for the credits.
The tax credits, which form part of the One Big Beautiful Bill Act, will phase out clean energy tax credits for projects placed in service after 2027, but provide an exception for projects that commenced by July 5, 2026, a year after the bill was signed into law.
Photo by Kumpan Electric on Unsplash
Sunrun Inc. (NASDAQ:RUN), one of the key players in the solar industry, rallied alongside its counterparts following the news.
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