Sunrun price target lowered to $23 from $27 at Citi

Citi lowered the firm’s price target on Sunrun to $23 from $27 and keeps a Neutral rating on the shares. ahead of the Q1 results. U.S. solar is entering "unchartered territory" as the country’s largest market, California, could experience steep year-over-year declines in residential installations once policy-driven backlog is worked through, likely by end of this year, the analyst tells investors in a research note. The demand outlook and extreme weather impact have already been well-flagged, however, the firm contends.