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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