Sunrun price target raised to $20 from $16 at JPMorgan

JPMorgan raised the firm’s price target on Sunrun (RUN) to $20 from $16 and keeps an Overweight rating on the shares. The company reported Q2 contracted value and increased fiscal 2025 guidance significantly above expectations due to record storage attach rate, higher volumes, and lower operating costs, the analyst tells investors in a research note. JPMorgan continues to highlight Sunrun as its top pick in residential solar.