Sunrun shares rise, reverse early losses

Permian Resources

22/11/2024 16:35

(Updates)
    ** Shares of Sunrun  RUN.O  rise 2.8% to $10.51, reversing
early losses
    ** Piper Sandler, on Thursday, downgraded RUN to "neutral"
from "overweight", cut PT to $11 from $23
    ** Downgrading stock given cash generation uncertainty (post
safe-harbor) under brokerage's base case amid a
higher-for-longer rate environment - brokerage
    ** Fourteen brokerages rate RUN the equivalent "buy" or
"strong buy", 12 "hold" and 1 "sell"; their median PT is $18.5,
according to data compiled by LSEG
    ** Including session's move, stock down 46.6% YTD 


 (Reporting by Sukriti Gupta in Bengaluru)
 ((Sukriti.Gupta@thomsonreuters.com;))