Sunrun Inc. (RUN) shares plummeted 5.03% in intraday trading on Monday, as multiple analysts lowered their price targets on the solar panel installation company.
BMO Capital analyst Ameet Thakkar reduced the firm's price target on Sunrun to $9 from $11, while maintaining a Market Perform rating. Truist analyst Jordan Levy also cut the price target to $9 from $12, keeping a Hold rating on the stock.
Meanwhile, RBC lowered its price target on Sunrun to $14 from $17, although the firm maintained an Outperform rating. According to analysts polled by FactSet, Sunrun currently has an average rating of Overweight and a mean price target of $14.50.
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