Piper Sandler raised the firm’s price target on Sunrun to $23 from $20 and keeps an Overweight rating on the shares. The firm believes the company delivered well against expectations this quarter by generating $217M of levered cash and guiding to cash generation during the second half of 2024. Further, Sunrun provided its 2025 cash generation expectation which reflects the higher ITC stemming from domestic content, Piper adds.
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:
- Sunrun and Tesla Partner to Support Texas Power Grid Using Residential Solar-Plus-Battery Systems
- RUN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Sunrun announces near, long-term greenhouse gas emission reduction targets
- Sunrun’s Net-Zero and Emissions Reductions Targets Approved by Science Based Targets Initiative
- Sunrun says customers power through outages following Hurricane Beryl