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 (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.
Source Fool.com
