Shares of Sunrun (RUN) are soaring in pre-market trading, jumping 5.04% following a positive adjustment in analyst expectations. The solar energy company's stock is reacting to a notable upgrade from a major financial institution.
UBS, a leading global financial services firm, has raised its target price for Sunrun from $15 to $17. This upward revision represents a significant vote of confidence in the company's future prospects and potential for growth. The increased target price suggests that UBS analysts see more upside potential in Sunrun's stock than previously anticipated.
Sunrun, a leading provider of residential solar, battery storage, and energy services in the United States, has been navigating a challenging market environment amid fluctuating energy prices and changing government policies. This positive outlook from UBS could signal growing optimism about the solar industry's trajectory and Sunrun's position within it. Investors will likely be watching closely to see if other analysts follow suit with similar upgrades in the coming days.
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