SunRun Shares Fall 7% on Jefferies' Target Price Cut

Dow Jones

Jan 29, 2025

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)

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Shares have fallen 36% over the past 12 months. \n</p>\n<p>\n   The home solar power company is on track to deliver its cash targets for 2025, but Jefferies analysts increasingly perceive risk to outer years. \n</p>\n<p>\n  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. \n</p>\n<p>\n  \"We think the Street may be overestimating the recovery and see potential for a continued slow-down beyond '25,\" the analysts added. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2025 15:26 ET (20:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RUN","symbol_name":"Sunrun Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507234175","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507234175","pubTimestamp":1738095960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"RUN":"Sunrun Inc."},"translate_title":"杰富瑞下调目标价，SunRun股价下跌7%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RUN":0.9},"content_text":"By Sabela Ojea \n\n\n \n\n\n  Shares of SunRun on Tuesday fell after Jefferies cut its target price on the stock to $17 from $19 per share. \n\n\n  The stock was down 7.6% to $9.41 in afternoon trading. Shares have fallen 36% over the past 12 months. \n\n\n   The home solar power company is on track to deliver its cash targets for 2025, but Jefferies analysts increasingly perceive risk to outer years. \n\n\n  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. \n\n\n  \"We think the Street may be overestimating the recovery and see potential for a continued slow-down beyond '25,\" the analysts added. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 28, 2025 15:26 ET (20:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}