Sunrun price target raised to $20 from $18 at Wells Fargo

Wells Fargo raised the firm’s price target on Sunrun to $20 from $18 and keeps an Overweight rating on the shares following a Q2 results beat. The firm notes the company introduced 2025 cash generation guidance that beat consensus. Sunrun is on pace to generate more cash than near-term debt maturities, opening the door to capital return in 2026-plus, Wells says.