Oppenheimer raised the firm’s price target on Sunrun (RUN) to $21 from $20 and keeps an Outperform rating on the shares. The firm notes the company showed impressive operating leverage in Q2 as it drove substantial upside to value capture per customer with lower customer acquisition cost and OpEx. Oppenheimer continues to believe the company has material opportunities to drive prices higher given delivered electricity price trends, leverage equipment purchasing power, and gain share as the largest third-party finance provider for solar plus storage.
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Read More on RUN:
- Sunrun price target raised to $12 from $11 at Clear Street
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