Deutsche Bank analyst Corinne Blanchard initiated coverage of Sunrun with a Buy rating and $36 price target. The analyst’s bullish outlook on the solar group is "underpinned by considerable growth opportunities" for the U.S. residential market and the "most powerful and positive regulatory environment the industry has ever seen." Tailwinds will "outshine any short-lived negatives," Blanchard tells investors in a research note. The analyst "favors quality names that look well set to benefit from a growing untapped market" and boosted solar demand in the U.S. and in key international markets. She says Sunrun is well positioned to benefit from the current positive policy momentum for residential solar.
Published first on TheFly
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