Sunrun price target raised to $21 from $18 at Clear Street

Clear Street raised the firm’s price target on Sunrun (RUN) to $21 from $18 and keeps a Buy rating on the shares after the company reported “strong” September quarter results, largely attributable to adding an asset monetization and alternative diversification approach to sell some of its new origination of battery storage and solar assets to an energy infrastructure investor. The firm’s increased price target reflects a 14% increase to its 2027 cash generation estimate, on which it bases its valuation, the analyst noted.