Truist lowered the firm’s price target on Sunrun (RUN) to $12 from $18 and keeps a Hold rating on the shares after its Q3 earnings miss. The residential installer group looks to transition toward a more consistent and predictable cash generation model, and the company’s Q3 volumes recovered “nicely”, but Sunrun is still early in the cash-gen story amidst a less certain policy backdrop, even though a full-scale Inflation Reduction Act repeal is “highly unlikely”, the analyst tells investors in a research note.
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- Sunrun price target lowered to $11 from $20 at BMO Capital
- Sunrun price target lowered to $30 from $35 at Roth MKM
- Sunrun price target lowered to $15 from $20 at Wells Fargo
- Sunrun downgraded to Neutral from Outperform at Exane BNP Paribas
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