Sunrun, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Ameet Thakkar from BMO Capital upgraded the rating on the stock to a Hold and gave it a $19.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ameet Thakkar has given his Hold rating due to a combination of factors related to Sunrun’s financial outlook and strategic positioning. While there were initial concerns about the company’s cash generation performance and its impact on equity valuation, recent developments suggest Sunrun is better positioned than previously thought to initiate shareholder returns by the second half of 2026.
Despite ongoing reservations about the company’s cash generation metrics, which include non-recourse debt and tax equity inflows, Thakkar acknowledges the potential for Sunrun to reach a cash generation threshold that could enable share repurchases or dividends. This shift in valuation approach, incorporating cash generation, supports the revised target price of $19 per share. However, the upgrade to Market Perform is cautious, as potential risks remain, such as increased late payments or widening credit spreads, which could impact the company’s financial performance.
In another report released on October 10, Barclays also maintained a Hold rating on the stock with a $23.00 price target.
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RUN in relation to earlier this year.