Market Overview

Oppenheimer On SunRun: Will Benefit From 'Still Underpenetrated' Residential Solar Installation Market

Share:

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."

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.

Latest Ratings for RUN

DateFirmActionFromTo
Aug 2019Initiates Coverage OnOverweight
Jun 2019UpgradesNeutralBuy
May 2019Initiates Coverage OnOverweight

View More Analyst Ratings for RUN
View the Latest Analyst Ratings

Posted-In: Colin Rusch OppenheimerAnalyst Color Price Target Initiation Analyst Ratings

 

Related Articles (RUN)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
HEBDowngrades
CHHInitiates Coverage On97.0
PSTGUpgrades
SPLKMaintains150.0
KSSMaintains47.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Goldman Sachs Negative On SolarCity Moments Before News Hit Of Tesla's Interest

Tesla's Acquisition Of Solar City Would Be 'Groundbreaking'