Sunrun (RUN) Jumps 10.5% on Solar Excise Tax Exclusion

Sunrun Inc. (NASDAQ:RUN) is one of These 10 Stocks Went Bulletproof.

Sunrun soared by 10.51 percent on Tuesday to finish at $9.04 each as investors cheered the exclusion of excise taxes on wind and solar projects in the One Big Beautiful Bill Act.

The proposed measure, which was narrowly passed in the Senate ahead of the looming July 4 deadline, surprisingly excluded excise taxes that would have been slapped on wind and solar projects constructed with a certain percentage of materials sourced from China.

The bill, however, would still cut tax credits, albeit not as soon as the expected end-of-December deadline, as projects that have already been planned, financed, and approved will continue to receive applicable tax credits as long as they begin construction before June 2026 and become operational by 2027.

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.

In its grid service programs, Sunrun Inc. (NASDAQ:RUN) stated that it is capable of dispatching 650 megawatts of peak power, sufficient to energize 480,000 homes at critical times daily, supporting the expected higher demand for electricity.

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Disclosure: None. This article is originally published at Insider Monkey.