Sunrun Inc (NASDAQ: RUN) shares received a new Outperform rating and $8 price target on Tuesday. Oppenheimer analyst Colin Rusch initiated coverage in a note that suggested, "We believe that RUN has significant growth potential within the residential solar market."
The analyst also pointed to "a differentiated financing strategy" and benefits from "per watt cost efficiencies through 2018."
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Rusch brought to light a concern for some investors: "We see RUN’s use of multiple financing strategies as necessary for continued growth, given volatility in capital markets and concerns around interest rate hikes."
Shares of Sunrun closed up 0.8 percent at $6.23.