GLJ Research upgraded Sunrun (RUN) to Hold from Sell and put the firm’s 2025 year-end price target under review after the U.S. Treasury issued guidance that the firm contends “couldn’t be better news for the residential solar space.” Many thought the Treasury department was going to kill the loophole that allowed residential solar companies to claim tax credits years into the future, but the Trump administration “did the opposite,” allowing the credit as long as residential solar installers can prove “continuous work,” which the firm calls “a VERY low hurdle.”
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