iSun price target lowered to 75c from $2 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on iSun to 75c from $2 and keeps a Buy rating on the shares. The company’s Q4 results were below expectations but is also guided to 2024 revenue growth of 5%, which is a positive considering the overall weakness in the solar market, the analyst tells investors in a research note. The firm cites a higher assumed future share count and equity dilution for future funding needs of the business for the target cut.