Sunrun (RUN Quick QuoteRUN - Free Report) shares soared 10.7% in the last trading session to close at $25.93. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 31.7% loss over the past four weeks.

Shares of Sunrun hiked recently after it received a perfect score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Such an impressive score must have encouraged its investors, which led to a rally in share price.

This solar energy products distributor is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +266.7%. Revenues are expected to be $398.99 million, up 24.5% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For Sunrun, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on RUN going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>