RBC rates Sunrun outperform, sees 44% upside for the stock

Sunrun photo voltaic.Supply: SunrunSunrun’s place because the chief within the quickly rising U.S. residential photo voltaic market makes it a pretty inventory for traders to personal, RBC mentioned in a observe to purchasers.The agency initiated protection on the corporate with an outperform ranking, pointing to key advantages for Sunrun as the biggest participant within the area.”We estimate RUN has a ~25% share of the entire residential rooftop market and its measurement, scale and model present benefits for buying prospects and securing higher financing,” mentioned RBC analyst Elvira Scotto.

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