Today's Most Important Initiations

Truist Securities assumed coverage on Tesla (NASDAQ: TSLA) with a Buy rating and a price target of $333.33.

Northland Capital Markets initiated coverage on Sunrun (NASDAQ: RUN) with an Outperform rating and a price target of $60.00, expecting the U.S. residential solar market to grow 10-15% year-over-year in 2022 and 2023, despite current inflation headwinds.

Truist Securities initiated coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Buy rating and a price target of $65.00.

Jefferies initiated coverage on Generac Holdings (NYSE: GNRC) with a Hold rating and a price target of $190.00, noting that the company should benefit from secular growth drivers such as growing electricity demand, coupled with grid instability and the rise of distributed power.

By Davit Kirakosyan

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