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Fly News Breaks for March 2, 2020
RUN
Mar 2, 2020 | 09:01 EDT
Roth Capital analyst Philip Shen raised the firm's price target on Sunrun to $30 from $18 and keeps a Buy rating on the shares. While Sunrun will likely grow slower than the industry in 2020 given its scale, the analyst notes that management is focused on high quality growth and is leading the charge developing the utility-of-the-future. Shen also points out that labor issues appear to have abated, 2020 growth looks healthy on a large base, funding costs will likely continue to go lower, and unit economics remain attractive.
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