KeyBanc analyst Sophie Karp upgraded Sunrun to Overweight from Sector Weight with a $27 price target. The analyst cites an attractive valuation, "encouraging" data from California, and the firm’s view that residential solar companies have sufficient pricing power to execute in the higher interest rate environment for the upgrade. The firm believes we’re nearing the end of the tightening cycle and sees an attractive risk/reward at these share levels.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on RUN:
- 3 Best Stocks to Buy Now, 4/18/2023, According to Top Analysts
- Sunrun reinstated with an Overweight at Capital One
- Sunrun price target lowered to $27 from $33 at Deutsche Bank
- Sunrun launches Shift, new home solar offering
- Sunrun Announces Date and Conference Call Details for First Quarter 2023 Earnings Report