JPMorgan analyst Mark Strouse raised the firm’s price target on Sunrun to $22 from $19 and keeps an Overweight rating on the shares. The company reported Q2 storage deployments well above expectations while solar additions approximately aligned, the analyst tells investors in a research note. The firm believes Sunrun’s strategic re-focus towards solar and storage has maintained value creation levels ahead of the broader market as the U.S. residential solar industry has lagged.
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