Alliance Global Partners lowered the firm’s price target on iSun to $2.50 from $5 and keeps a Buy rating on the shares as the analyst took over coverage of the stock. The analyst has refined estimates to reflect recent updates, including Q4 results, along with "a broader revisiting of solar valuations." The analyst believes Street expectations "are in a better position for the company to deliver" and adds that the stock "looks exceedingly cheap."
Published first on TheFly
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