Mizuho Maintains Buy Rating for Sunrun: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho has reaffirmed its Buy rating on Sunrun (NASDAQ:RUN) and increased its price target from $23.00 to $28.00. Despite the upgrade, Sunrun's shares have fallen 7.97% to $17.91 in the last 24 hours. The new price target suggests a potential upside of 56.34% from the current price. Sunrun specializes in residential solar energy systems in the U.S., offering design, installation, and maintenance services, as well as selling solar products.
January 03, 2024 | 5:00 pm
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POSITIVE IMPACT
Mizuho maintains a Buy rating on Sunrun and raises the price target to $28, indicating a significant potential upside from the current price, despite a recent drop in share value.
The reaffirmation of a Buy rating and an increased price target by a reputable financial institution like Mizuho generally signals confidence in the company's future performance and can be a positive catalyst for the stock price. Although the stock has recently fallen, the new price target suggests substantial growth potential, which may attract investors looking for growth opportunities in the renewable energy sector.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100