Barclays analyst Christine Cho raised the firm’s price target on Sunrun to $19 from $16 and keeps an Equal Weight rating on the shares. The analyst says favorable domestic content updates should increase cash generation for both Sunnova Energy (NOVA) and Sunrun (RUN) while declining equipment costs and the rising likelihood of interest rate cuts should also provide some support after a challenging couple of years for the residential installers.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RUN:
- SunPower price target lowered to 25c from $2.50 at Citi
- Sunrun’s Newest California Power Plant Delivers Essential Power to the Grid During Heat Wave
- SunPower new lease, PPA project halt ‘an indefinite suspension,’ says JPMorgan
- Sunrun call volume above normal and directionally bullish
- Sunrun price target raised to $19 from $14 at JPMorgan