As previously reported, BNP Paribas Exane upgraded Sunrun (RUN) to Outperform from Neutral with a price target of $21, up from $10. The firm expects Sunrun to build on its commercial wins as its market leadership grows, the analyst tells investors. After the passing of Trump’s “OBBB” Act with a last minute save, Sunrun’s tax credits are “not only ‘safe’ through early-30s, but RUN almost becomes the Resi Solar industry,” as small, fragmented competitors that are less capitalized “do not post a serious threat,” especially after Sunnova Energy’s (NOVA) bankruptcy, the analyst argues.
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Read More on RUN:
- Sunrun upgraded to Outperform from Neutral at BNP Paribas Exane
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