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RUN

Sunrun

$15.20

-0.08 (-0.52%)

05:07
01/16/20
01/16
05:07
01/16/20
05:07

Sunrun initiated with an Overweight at JPMorgan

JPMorgan analyst Mark Strouse initiated coverage of Sunrun with an Overweight rating and $19 price target. The shares should attract investors looking for exposure to the de-carbonization, decentralization, and digitization of energy, Strouse tells investors in a research note. He believes Sunrun is well positioned within the "high-growth" U.S. residential rooftop solar market, adding that its leading scale could present adjacent opportunities for growth.

RUN Sunrun
$15.20

-0.08 (-0.52%)

08/20/19
08/20/19
INITIATION
Target $19

Overweight
KeyBanc bullish on Sunrun, initiates with an Overweight
As previously reported, KeyBanc analyst Sophie Karp initiated Sunrun with an Overweight rating and $19 price target as she believes it offers the best growth prospects. The analyst argues that Sunrun is the "most efficient" capital recycler in the space and has distinguished itself with "significant cost discipline and sagacious financial execution." Given the company's scale, Karp thinks it is best positioned to monetize its R&D investments to eventually develop additional revenue streams from grid services/"virtual power plants," with which the company has been experimenting.
08/20/19
08/20/19
INITIATION
Target $13

Overweight
KeyBanc bullish on Sunnova Energy, initiates with an Overweight
As previously reported, KeyBanc analyst Sophie Karp initiated Sunnova Energy (NOVA) with an Overweight and $13 price target. The analyst notes that shares of Sunnova lie somewhere in between Vivint Solar (VSLR) and Sunrun (RUN) in terms of the margin of safety, since the net value of Sunnova's existing portfolio of assets amounts to about $9/share. Karp believes Sunnova boasts the most significant operating leverage owing to its dealer-only operating model, and expects it to grow aggressively in the 2019-2020 time-frame.
08/20/19
08/20/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Immunomedics (IMMU) initiated with an Overweight at Cantor Fitzgerald. 2. PayPal (PYPL) initiated with a Buy at Rosenblatt while Square (SQ) was initiated with a Neutral. 3. Sunrun (RUN), Vivint Solar (VSLR), and Sunnova Energy (NOVA) initiated with an Overweight at KeyBanc. 4. Spotify (SPOT) initiated with an Equal Weight at Consumer Edge. 5. Silk Road Medical (SILK) initiated with a Buy at Argus. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/13/19
ROTH
11/13/19
NO CHANGE
Target $18
ROTH
Buy
Sunrun price target lowered to $18 from $24 at Roth Capital
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.

TODAY'S FREE FLY STORIES

ATDRY

Auto Trader Group

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LGDDF

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WPP

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WTKWY

Wolters Kluwer

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(0.00%)

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CIOXY

Cielo

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  • 28

    Jan

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HRB

H&R Block

$24.48

-0.48 (-1.92%)

04:55
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Conference/Events
H&R Block management to meet with Oppenheimer »

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  • 20

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AMRC

Ameresco

$19.78

-0.1 (-0.50%)

04:55
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Conference/Events
Ameresco management to meet with Roth Capital »

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  • 20

    Jan

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    Jan

MSM

MSC Industrial

$76.89

-1.58 (-2.01%)

04:55
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Conference/Events
MSC Industrial management to meet with KeyBanc »

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  • 20

    Jan

  • 29

    Jan

03:30
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FB

Facebook

$222.01

0.23 (0.10%)

16:50
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Periodicals
Facebook blames technical error for vulgar translation, Reuters reports »

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  • 22

    Jan

  • 29

    Jan

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

, SPX

S&P 500

$0.00

(0.00%)

16:43
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Periodicals
China to increase U.S. imports according to 'market principles,' Reuters reports »

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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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TSLA

Tesla

$510.34

-3.065 (-0.60%)

16:33
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Periodicals
Tesla closer to opening first European factory with property deal, Reuters says »

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  • 29

    Jan

  • 24

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  • 23

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  • 23

    Mar

JPM

JPMorgan

$138.15

0.89 (0.65%)

, BNPQY

BNP Paribas

$0.00

(0.00%)

16:28
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Periodicals
JPMorgan to acquire former BNP building in Paris, Bloomberg reports »

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JPM

JPMorgan

$138.15

0.89 (0.65%)

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BNP Paribas

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  • 05

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BAC

Bank of America

$34.70

-0.03 (-0.09%)

16:25
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  • 26

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CEL

Cellcom Israel

$3.18

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VRCA

Verrica Pharmaceuticals

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  • 13

    Jul

SO

Southern Company

$67.25

1.08 (1.63%)

, XEL

Xcel Energy

$65.38

0.34 (0.52%)

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0.34 (0.52%)

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  • 30

    Jan

LIZI

Lizhi

$11.72

(0.00%)

, DNK

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$13.50

(0.00%)

09:10
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On The Fly
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LIZI

Lizhi

$11.72

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Casper Sleep

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