KeyBanc Starts Sunrun (RUN) at Sector Weight

KeyBanc initiated coverage on Sunrun (NASDAQ: RUN) with a Sector Weight rating. Analyst Matt Tucker sees balanced risk/reward.

"We view RUN as a leading player in the nascent and rapidly growing U.S. residential solar industry. We expect continued strong growth for RUN in the NT, but see significant policy uncertainty, coupled with dependence on external capital to finance growth, as weighing on investor sentiment and creating volatility over the next several months. We think rooftop solar continues to grow in the LT, but view RUN’s current valuation as offering balanced risk/reward," said Tucker.

For an analyst ratings summary and ratings history on Sunrun click here. For more ratings news on Sunrun click here.

Shares of Sunrun closed at $9.50 yesterday.

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