Sunrun downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Christine Cho downgraded Sunrun to Equal Weight from Overweight with a price target of $35, down from $44. With U.S. residential solar demand expected to slow in 2023, the company will face a changing and challenging environment, the analyst tells investors in a research note. The downgrade is part of the firm’s positioning of residential installers for 2023.