- The shares of Sunrun (RUN) recently received a $30 price target from Roth Capital. These are the details.
The shares of Sunrun (RUN) recently received a $30 price target from Roth Capital. And Roth Capital analyst Philip Shen is maintaining a “Buy” rating on the shares.
Shen adjusted the rating to account for a higher discount rate of 6%. And going into the second quarter, Shen sees pricing power as a critical theme in an inflationary environment.
But despite the increase in the funding cost and other expenses, Shen believes that unit economics for Sunrun should improve toward a net subscriber value target of $10K. However, Shen is seeing some risk to volumes as sales growth potentially outpaces installations.