Sunrun price target lowered to $12 from $14 at RBC Capital

RBC Capital analyst Christopher Dendrinos lowered the firm’s price target on Sunrun (RUN) to $12 from $14 and keeps an Outperform rating on the shares. The company’s strong Q1 cash generation and a better than feared guidance update should support the share price, the analyst tells investors in a research note. In the near term, Sunrun is absorbing tariff impacts as it awaits greater visibility on the IRA and ultimate supplier price increases, but there are offsets including stronger customer growth and self-help initiatives, the firm adds.