By Sabela Ojea
Shares of SunRun on Tuesday fell after Jefferies cut its target price on the stock to $17 from $19 per share.
The stock was down 7.6% to $9.41 in afternoon trading. Shares have fallen 36% over the past 12 months.
The home solar power company is on track to deliver its cash targets for 2025, but Jefferies analysts increasingly perceive risk to outer years.
The residential solar business is also under pressure due to current interest rates and an overall slow rebound in the U.S., the analysts said in a research note.
"We think the Street may be overestimating the recovery and see potential for a continued slow-down beyond '25," the analysts added.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 28, 2025 15:26 ET (20:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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