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Sunrun upgraded to Sector Weight from Underweight at KeyBanc

KeyBanc upgraded Sunrun (RUN) to Sector Weight from Underweight without a price target The company “lives to see another day” after the provision in the Big Beautiful Bill denying investment tax credits to leased equipment was modified to exclude solar at the last moment, the analyst tells investors in a research note. The firm says this allows one of the most popular residential solar deployment models to remain intact. However, Sunrun’s “vulnerability to regulatory risks has been laid bare” and should restrict multiple expansion in the medium term, adds KeyBanc. It cites the dissipation of the immediate regulatory risk for the upgrade of the shares.

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