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Fly News Breaks for November 13, 2019
RUN
Nov 13, 2019 | 08:48 EDT
Roth Capital analyst Philip Shen lowered his price target for Sunrun to $18 from $24 following the company's quarterly results. In a research note to investors, Shen says that although growth may still be low-to-mid-teens, he believes this labor situation may take longer-than-expected to resolve thereby preventing Sunrun from fully benefiting from the outsized market growth that he sees. He maintains a Buy rating given Sunrun's leadership in grid services and pioneering the utility of the future, despite the growth challenges ahead.
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