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Fly News Breaks for March 5, 2020
RUN
Mar 5, 2020 | 07:39 EDT
JPMorgan analyst Mark Strouse raised the firm's price target on Sunrun to $25 from $22 and keeps an Overweight rating on the shares. The company's tone remains upbeat with strong solar demand, surging Brightbox storage deployments, improving cash flow, initiatives underway to speed deployments and lower costs, and mitigation activities in place to combat potential disruption from COVID-19, Strouse writes after hosting a call with management. As a result, he's incrementally constructive and increased his long-term estimates.