Morgan Stanley raised the firm’s price target on Sunrun to $29 from $24 and keeps an Overweight rating on the shares. The firm believes AI could be an incremental driver of utility bill inflation, which is a positive tailwind for residential solar, but it argues “we are still early in this cycle” and sees this “materializing in a more meaningful way in 2025/2026,” the analyst tells investors. Sunrun remains the firm’s “favored way to play residential solar” as it expects to see a divergence from the rest of the industry given its scale, particularly in the lease/PPA market, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RUN:
- Unusually active option classes on open June 12th
- Returning Solar Panel Tariffs Will Create New Winners and Losers
- Sunrun Prices Record Setting $886.3 million Senior Securitization of Residential Solar and Battery Systems
- CA regulators reject proposal to incentivize solar developers, Bloomberg reports
- Unusually active option classes on open May 28th