Sunrun (RUN) Falls To Lowest Level Since March 2020

Sunrun (RUN) has been downgraded to hold from buy and its price target was lowered to $15 from $27 by Deutsche Bank. The analyst notes that RUN cut its solar number on sluggish demand and lingering environmental headwinds, and its “stuffed” inventory channel will take the next two to three quarters to decrease. George Tsilis discusses this as RUN fell to its lowest level since March 2020. He compares RUN to FSLR, ARRY, and SPWR. Tune in to find out more about the stock market today.

Next Gen Investing

20 Oct 2023

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