Sunrun price target raised to $46 from $40 at BofA

BofA analyst Julien Dumoulin-Smith raised the firm’s price target on Sunrun to $46 from $40 and keeps a Buy rating on the shares, arguing that it is "frankly getting hard to argue against the numbers" when looking at the company’s reported $16,400 subscriber value in Q4. The analyst admits "reporting remains confusing and what goes into the subscriber value metric is opaque," but contends in a note partially titled "statement quarters continue as margins finally find stability" that Sunrun has "proven out that its business model is an inflation beneficiary."