- The shares of Sunrun Inc (NASDAQ: RUN) have received a price target increase from $86 to $91 from Morgan Stanley. These are the details.
The shares of Sunrun Inc (NASDAQ: RUN) have received a price target increase from $86 to $91 from Morgan Stanley. And Morgan Stanley analyst Stephen Byrd is maintaining an Overweight rating on the shares.
Byrd pointed out that Sunrun has been the most compelling clean energy stock that the brokerage covers. And he identified the company as a beneficiary of several megatrends like rising utility costs, falling clean energy and storage costs, grid reliability impacts from climate change, and clean energy demand.
Plus Byrd noted that rapid growth in electric vehicle adoption is going to be a major source of upside as he believes EV customer adoption of rooftop solar could create as much value for Sunrun as its whole current business.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
