Guggenheim raised the firm’s price target on Sunrun to $36 from $35 and keeps a Buy rating on the shares. Following recent conversations with the company, Guggenheim believes Sunrun is the best positioned of the residential solar developers under coverage and thinks Sunrun is in a good position to take market share in 2024, the analyst tells investors in a research note. The firm sees Sunrun generating cash of $300M in 2024.
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