Guggenheim analyst Joseph Osha lowered the firm’s price target on Sunrun (RUN) to $34 from $37 and keeps a Buy rating on the shares. Sunrun is the residential solar industry’s “largest competitor” and is well positioned to take market share this year and next, says the firm, which also believes that competitor Sunnova Energy (NOVA) is likely to see more rapid growth in 2024.
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Read More on RUN:
- Roth MKM sustainability analysts to hold an analyst/industry conference call
- Sunnova Energy price target raised to $27 from $25 at BofA
- Sunrun price target lowered to $38 from $47 at JPMorgan
- Sunrun call volume above normal and directionally bullish
- Sunrun price target lowered to $20 from $27 at Piper Sandler