Sunrun (RUN) Stock: $52 Target And Overweight Rating

By Amit Chowdhry ● Jul 30, 2022
  • The shares of Sunrun (RUN) recently received a $52 price target from JPMorgan. These are the details.

The shares of Sunrun (RUN) recently received a $52 price target from JPMorgan. And JPMorgan analyst Mark Strouse increased the price target on Sunrun from $50 while maintaining an “Overweight” rating on the shares.

Strouse adjusted the rating while being generally positive on the alternative energy sector heading into the second half of 2022. And Strouse noted that secular trends should continue regardless of the economic cycle.

Plus the rising fossil fuel prices and focus on energy security are creating record levels of demand for renewables, despite lingering supply chain headwinds and rising input costs.