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Sunrun shines as analysts see stock benefiting from California blackouts

Sunrun (RUN +4.8%) surges as much as 6%, with analysts saying the company is ideally positioned to benefit as the California blackouts inspire more consumers to seek backup power solutions.

"Ratepayers are focused on concerns regarding resilience in the case of blackouts and what alternatives are available," JMP Securities analyst Joseph Osha says while reiterating his Outperform rating and $26 price target on RUN shares.

"We expect uptake of solar-plus-storage solutions in the residential retrofit market to continue accelerating as a result of this past week's events," Osha writes.

California blackouts are positive for solar and storage backup demand, says Credit Suisse's Michael Weinstein, "which could materialize in lower-cost lead generation across the state for potential installations next year."

Weinstein reiterates his Outperform rating and $26 price target on RUN.

Comments

MarkGutman9-profile-image
Mark Gutman @MarkGutman9 - 4 hours ago
$TAN lacking enthusiasm lately. It poked above but couldn't deal with the resistance $RUN https://t.co/kbrHmVCD4k
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SwingTradeBot @SwingTradeBot - 5 hours ago
20 DMA Support today: $ICPT $LRAD $AIZ $LIQT $RUN ... https://t.co/deOpbNqdR6
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insiderbuying @insiderbuyings - 20 hours ago
$RUN new insider selling: 6000 shares. https://t.co/XRXg2rHCdD
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StockScout1 @StockScout1 - 21 hours ago
$CMGO Chart, Trades and Naked Short Chart over the past two days. A funny thing about Shorts and their cov $CMGO… https://t.co/FiL6eLEjny
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US Banking News @AmericanBanking - a day ago
Michelle Philpot Sells 6,000 Shares of Sunrun Inc $RUN Stock https://t.co/PoepQBwTtI #stocks
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Week Herald @WeekHerald - a day ago
Sunrun Inc $RUN CAO Michelle Philpot Sells 6,000 Shares https://t.co/y6qLdYFr0g
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TheOlympiaReport @OlympiaReport - a day ago
Michelle Philpot Sells 6,000 Shares of Sunrun Inc $RUN Stock https://t.co/WR1PZSAZAp
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Insider Alerts @InsiderAlertsIA - a day ago
$RUN: New Insider Filing on Chief Accounting Officer MICHELLE PHILPOT: https://t.co/QNZszQS9NN
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StockTexts @StockTexts - a day ago
$RUN Sunrun Inc. SEC Filing: Form 4 https://t.co/w1aPhHh5Me
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Tickeron @Tickeron - a day ago
$RUN's price moved above its 50-day Moving Average on October 7, 2019. View odds for this and other indicators:… https://t.co/GY0hPJbR6l
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OneO'ClockDrop 🇺🇸 @OCDrises - a day ago
Better pay attention to SIML tomorrow. Something is up👇👇 $NIHK $NOW $OMHE $ONCS $OTCM $PBIO $PHOT $PNNX $PRED $RLBY… https://t.co/hXtH08qTmr
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Load Up my Stock ⏩ ⏩ @LoadUpmyStock - a day ago
$SIML BOTTOM ALERT, Should be easy money ! $NIHK $NOW $OMHE $ONCS $OTCM $PBIO $PHOT $PNNX $PRED $RLBY $RMSL $RUN $SECI $SES $SMH $TRLY
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michael hall @cloutonthest - a day ago
RT @FrontPageArmy: $NGTF Nightfood Ice Cream Secures Initial Hotel Placements Through National Distribution Partner; J.D. Power Research Su…