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.

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