BMO Capital analyst Ameet Thakkar maintains $Sunrun (RUN.US)$ with a hold rating, and adjusts the target price from $20 to $11.
According to TipRanks data, the analyst has a success rate of 49.2% and a total average return of -1.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sunrun (RUN.US)$'s main analysts recently are as follows:
The company's Q3 earnings call reflected ongoing frustrations that investors have experienced with the residential solar installer sub-sector. Currently, there is no specific metric that supports the establishment of a definitive valuation foundation.
The firm noted that despite 'solid' Q3 earnings results for Sunrun, the outcome of the U.S. election posed the risk of IRA credits being repealed. However, the firm also mentioned that it does not anticipate the repeal of solar tax credits.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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