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Sunrun ‘Most Compelling Clean Energy Store’ Says Morgan Stanley

Solar Sunrun.

Source: Sunrun

Actions of Sunrun jumped more than 10% on Wednesday after Morgan Stanley reiterated its overweight rating on the company, calling it the “most compelling clean energy stock” on all coverage of the company.

Analyst Stephen Byrd also raised his target on Sunrun shares from $ 86 to $ 91, suggesting a rise of about 110% from Tuesday’s closing price.

Its bullish call is based on several factors, including Sunrun’s growth opportunity, as well as its low funding costs. Consumer demand for reliability, especially as the Texas and California grids are under pressure, is also expected to drive adoption.

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