Citi analyst Vikram Bagri upgraded Sunrun (RUN) to Buy from Neutral with a price target of $26, up from $11. While Sunrun benefits from tailwinds from increasing electricity rates on one hand, more leverage over suppliers from market shift to TPO should provide a second growth leg, the analyst tells investors in a research note. The firm expects the company to beat FY25 cash flow targets, which would put recourse debt to cash generation at year-end 2025 at 2x, opening the door to return of capital to shareholders.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RUN:
- Sunrun’s Stock Tumbles: Insider Sales and Analyst Ratings Stir Concerns
- Circle, CyberArk, Sunrun, Unity, Humana: Trending by Analysts
- Sunrun price target raised to $25 from $23 at JPMorgan
- Sunrun price target raised to $20 from $11 at Morgan Stanley
- Nvidia upgraded, Ibotta downgraded: Wall Street’s top analyst calls