Sheryar Siddiq
1 min read
In This Article:
Jefferies analyst Julian Dumoulin-Smith lowered his price target for Sunrun Inc. (NASDAQ:RUN) from $7 to $6 on May 28, while maintaining a Hold rating on the company's shares.
The change coincides with House debates over the Inflation Reduction Act (IRA) amendments and the expectation of additional leniency from the Senate. The crucial question for Sunrun Inc. (NASDAQ:RUN), according to Dumoulin-Smith, is whether the Senate will opt to lift the 2026 deadline for residential leases. The company might be able to extend the Investment Tax Credit runway with a strong safe harbor strategy, the analyst said, if the Senate votes in favor of it.
That said, Jefferies advises investors to stay alert for any updates on IRA modifications since there will likely be continuous stock volatility in the near future.
Sunrun Inc. (NASDAQ:RUN) is a leading American renewable energy subscription service provider, delivering energy storage and solar for homes at no upfront fees.
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Disclosure: None.
