SunRun Inc. stock RUN, +3.76% was up by 2.4% on Wednesday after Citi upgraded the residential solar panel installing company to buy/high risk from neutral/high risk.
Analyst Vikram Bagri said SunRun is not getting due credit for its market share gains and customer shift to third-party ownership of solar panels, and its demonstrated success selling battery storage. The stock is “conservatively” worth about $21 a share in the long run, up from about $15.50 now, Citi said.
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