Why Sunrun Stock Dimmed This Week

The sun might be shining more often lately, as we head into the warmer months, but we can't say the same for Sunrun (NASDAQ: RUN) stock. The residential solar energy specialist wasn't a favorite among investors over the past few days, in no small part due to an analyst's price target cut.Over the course of the week, the company's stock fell by nearly 7%, according to data compiled by S&P Global Market Intelligence. That reduction was made by Mark Strouse of JPMorgan Chase unit JPMorgan on Thursday. Strouse clipped his fair value assessment on Sunrun stock to $22 per share from his previous $25. Despite that 12% haircut, he maintained his overweight (i.e., buy) recommendation on the company. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool