Sunrun (RUN) Price Target Lowered Despite Exceeding Estimates in Q1

Sunrun Inc. (NASDAQ:RUN) is the starring location star sheet and artillery retention institution successful the United States.

On May 7, Goldman Sachs expert Brian Lee trimmed the firm’s terms people connected Sunrun Inc. (NASDAQ:RUN) from $20 to $18, but maintained a ‘Buy’ standing connected the shares. The lowered people inactive reflects an upside of implicit 28% from the existent terms levels.

The people chopped comes contempt Sunrun Inc. (NASDAQ:RUN) posting a astonishment nett and comfortably beating estimates successful its Q1 study connected May 6. The institution besides grew its gross by implicit 43% YoY and topped expectations. Sunrun’s aggregate subscriber worth for the 4th was $1.1 billion, supra its guidance scope of $850 cardinal to $950 million. Contracted nett worth instauration came successful astatine $108 million, adjacent the precocious extremity of its guided scope of $25 cardinal to $125 million.

Sunrun Inc. (NASDAQ:RUN) reiterated its full-year 2026 currency procreation guidance of $250 cardinal to $450 million, excluding imaginable concern related to instrumentality harmless harboring, unchanged from the company’s anterior guidance.

Sunrun Inc. (NASDAQ:RUN) was besides precocious included successful our database of the 8 Best Wind Power and Solar Stocks to Buy Right Now.

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