Sunrun's price target has been lowered by UBS Group from $18 to $14, suggesting a potential upside of 21.21% based on Wall Street's closing price.
Other research firms have also reduced their forecasts for the company, expressing concerns about its growth rate. Morgan Stanley has decreased its target from $35 to $27, while Wells Fargo has lowered its target from $20 to $15. Despite these revisions, Goldman Sachs maintains a buy recommendation for Sunrun with a $20 price target, reflecting a more positive long-term outlook.
Analysts have observed a slowdown in the company's expansion and declining revenues, which have contributed to the lower valuations. Currently, Sunrun's stock is rated as "Hold," with target predictions ranging from $7.78 to $27. While the solar energy sector faces increased competition, some analysts remain optimistic about Sunrun's prospects.