RBC Capital Starts Sunrun (RUN) at Outperform

RBC Capital initiates coverage on Sunrun (NASDAQ: RUN) with a Outperform rating and a price target of $16.00.

Analyst Mahesh Sanganeria commented, "We expect Sunrun to grow above its peers in the high-growth US residential market, driven by its open platform strategy. Technology-enabled customer targeting allows high-value customers and, therefore, attractive unit economics. We initiate coverage with an Outperform rating and $16 price target."

The firm believes US residential solar market will grow at 30%+ CAGR through 2020.

For an analyst ratings summary and ratings history on Sunrun click here. For more ratings news on Sunrun click here.

Shares of Sunrun closed at $11.62 yesterday.

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