Jeff Osborne, an analyst from TD Cowen, maintained the Buy rating on Sunrun (RUN – Research Report). The associated price target was lowered to $14.00.
Jeff Osborne has given his Buy rating due to a combination of factors that highlight Sunrun’s strategic execution and financial performance. Despite a challenging macroeconomic environment, Sunrun has been successful in generating cash through its focus on high-value offerings and maintaining a disciplined approach. The company’s strategic emphasis on increasing battery attachment rates and optimizing its geographic focus is expected to enhance margins, even as the guidance for 2025 has been adjusted downward.
Sunrun’s commitment to a storage-first strategy has resulted in record storage attachment, contributing to a significant net subscriber value. The company has demonstrated consistent cash generation, with excess cash being utilized to reduce debt and secure equipment. Although there are some concerns, such as the lowered 2025 cash generation guidance and uncertainties regarding adders, the overall outlook remains positive with expectations of cash generation growth in 2026.
Osborne covers the Technology sector, focusing on stocks such as Sunrun, NEXTracker, Inc. Class A, and Enphase Energy. According to TipRanks, Osborne has an average return of 1.0% and a 39.60% success rate on recommended stocks.