BMO Capital raised the firm’s price target on Sunrun to $20 from $18 and keeps a Market Perform rating on the shares. The firm notes that the company’s 2024 outlook fared meaningfully better than expected across not only storage uptake but solar PV capacity growth, though the concurrent launching of a $475M-$550M equity-linked financing leads to more valuation questions, the analyst tells investors in a research note.
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