Renewable Energy Stock Surges on BMO Capital Bull Note
Sunrun (RUN) stock is surging after an analyst at BMO Capital upgraded the equity to "market perform". Shares of Sunrun Inc (NASDAQ:RUN) are up 3.9% to trade at $21.49, earlier tapping a two-year high of $22.44.
The brokerage firm upgraded RUN to "market perform" from "underperform" and lifted its price objective to $19 from $10. The analyst cited an
improved cash position and an ability to pay buybacks and shareholder returns in the coming year.
The renewable energy name has been an outperformer on the charts, adding 134.4% so far in 2025. Additional support has emerged from the ascending 30-day moving average.
- Nine brokerages sporting a "hold" or worse recommendation on RUN.
- The security's average 12-month price target of $16.76 stands at a 22% discount.
Author's summary: Sunrun stock surges on BMO Capital's bull note upgrade.
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