NEW YORK, NY / ACCESSWIRE / May 10, 2018 / U.S. markets spiked Wednesday as strong performances by the energy, financials and technology sectors lifted the major indexes higher. The Dow Jones Industrial Average jumped 0.75 percent to close at 24,542.54, while the S&P 500 Index spiked 0.97 percent to close at 2,697.79. The Nasdaq Composite Index rose 1.00 percent to close at 7,339.91. Energy stocks continued to rise a day after President Trump's decision to pull out of the nuclear deal with Iran and to continue with sanctions against the major oil producing nation.

"A lot of people had reduced their exposure to stocks ahead of Trump's announcement on Iran on Tuesday and when the markets did not sell off, traders went back in. What we are seeing today looks like a relief rally that took the S&P 500 to the high end of its recent range," said Ian Winer, head of the equities division at Wedbush Securities, according to MarketWatch.

RDI Initiates Coverage on:

Sunrun Inc.
https://rdinvesting.com/news/?ticker=RUN

First Solar, Inc.
https://rdinvesting.com/news/?ticker=FSLR

Sunrun's stock jumped 4.24% Wednesday, to close the day at $9.83. The stock recorded a trading volume of 4,177,783 shares, which was above its three months average volume of 2,434,001 shares. In the last year, Sunrun's shares have traded in a range of 4.21 - 10.16. The share price has gained 133.49% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $8.87 is above its 200-day moving average of $6.86. Shares of the company are trading at a Price to Earnings ratio of 8.55. Shares of Sunrun have gained roughly 20.02 percent in the past month and are up 66.61 percent year-to-date.

Access RDI's Sunrun Inc. Research Report at:
https://rdinvesting.com/news/?ticker=RUN

On Wednesday, shares of First Solar recorded a trading volume of 2,238,262 shares, which was above the three months average volume of 1,721,632 shares. The stock ended the day 3.23% higher at $69.43. The share price has fallen 15.04% from its 52 week high with a 52 week trading range of 33.27 - 81.72. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $71.49 is above its 200-day moving average of $66.63. Shares of First Solar have fallen roughly 2 percent in the past month and are up 2.83 percent year-to-date.

Access RDI's First Solar, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FSLR

Our Actionable Research on Sunrun Inc. (NASDAQ :RUN) and First Solar, Inc. (NASDAQ :FSLR) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com