Sunrun price target raised to $10 from $8 at BMO Capital

BMO Capital analyst Ameet Thakkar raised the firm’s price target on Sunrun (RUN) to $10 from $8 and keeps an Underperform rating on the shares after its Q2 earnings beat. Investor enthusiasm was driven less by strong beat on most Sunrun metrics such as subscriber value/net value creation, but rather the company’s update on its safe harbor strategy that the management demonstrated a path to safe harbor current volume run rate of installations through 2030, the analyst tells investors in a research note.