RBC Capital's Christopher Dendrinos upgraded Sunrun (NASDAQ:RUN) to Outperform with a $16 price target. There is clearer long-term growth visibility after the recent U.S. Treasury guidance eased regulatory uncertainty, he explained.
Dendrinos noted that the updated framework strengthens demand, supports cash generation. It also positions Sunrun to gain market share as policy shifts favor its third-party ownership (TPO) model.
