Sunrun (RUN) Stock: $30 Target And Buy Rating

By Amit Chowdhry ● Aug 3, 2022
  • 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.