Clear Street Raises PT on Sunrun (RUN) to $14 From $12, Keeps a Buy Rating

Sunrun Inc. (NASDAQ:RUN) is one of the most buzzing stocks to invest in right now. On August 16, Clear Street raised the firm’s price target on Sunrun Inc. (NASDAQ:RUN) to $14 from $12, keeping a Buy rating on the shares.

Sunrun (RUN) Drops as Investors Price In Analyst Rating

A field of solar panels glistening in the afternoon sun, symbolizing the company’s renewable energy ambitions.

The analyst told investors in a research note that the US Treasury issued positive guidance regarding the construction start definition for the safe harbor of the investment tax credit 48E.

The firm believes that a significant negative change to the Internal Revenue Service definition has not occurred, which proves to be a positive factor for Sunrun Inc. (NASDAQ:RUN).

Sunrun Inc. (NASDAQ:RUN) designs, develops, installs, sells, owns, and maintains residential solar energy systems. The company offers its products through three channels: solar partnerships, direct-to-consumer, and strategic partnerships.

While we acknowledge the potential of RUN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RUN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.