Sep. 14 at 6:56 PM
$RUN RUN’s historical price action does NOT support a simple “rates up = RUN down” relationship. Rates clearly matter, especially during major rate shocks, but the relationship is inconsistent. RUN has rallied during rising-rate periods and fallen during falling-rate periods. The stronger historical relationship is with the direction and magnitude of rate changes, not the absolute level of rates.
Bottom line: rates are a valuation factor for RUN, but they are not the valuation engine. At ~
$8–9, fundamentals, cash generation, financing, policy, positioning and sentiment may matter far more than whether the 10Y is 4% or 5%.
$ENPH $SEDG $SPWR $TSLA
