iSun price target lowered to $2 from $2.50 at Alliance Global Partners

Alliance Global Partners analyst Jeff Grampp lowered the firm’s price target on iSun to $2 from $2.50 and keeps a Buy rating on the shares post the “strong” Q2 report. The analyst cites a higher share count associated with the issuance of shares to pay down the company’s amortizing convertible debt for the target drop.