Sunrun downgraded to Sell from Hold at GLJ Research
The Fly

Sunrun downgraded to Sell from Hold at GLJ Research

GLJ Research downgraded Sunrun (RUN) to Sell from Hold with a $7.78 price target The firm cites on Donald Trump’s Presidential victory for the downgrade. A Trump Administration “poses an existential threat” to Sunrun’s ability to stay solvent, the analyst tells investors in a research note. GLJ believes the company’s ability to “overclaim” tax credits appears at significant risk in Trump’s pending administration.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App