BMO Capital analyst Ameet Thakkar raised the firm’s price target on Sunrun to $20 from $17 and keeps a Market Perform rating on the shares. The company “largely delivered” on the firm’s expectations of a positive quarter for its cash generation, the analyst tells investors in a research note. Solar capacity growth remains weak and trending towards bottom-end of guidance range, though Sunrun also raised storage guidance by 18%, the firm added.
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