Sunrun stock will double off cost-saving catalysts: Analyst
03/08/2024 01:32
Jefferies analysts aim to raise their price target on shares of renewable energy company Sunrun (RUN), believing its share value could double as residential consumers begin their transition to solar energy sources. Jefferies US Renewables Analyst Dushyant Ailani discusses the growth Sunrun can see in the space as it chases tailwinds on the Biden administration's investments into clean energy. "The costs for [solar] storage have been trending lower, and... we see some up side to to Sunrun on that. Basically the company has talked about lowering their hardware costs, which potentially includes storage as well, by roughly 18%," Ailani tells Yahoo Finance. "So we are seeing those costs trend lower, and that's going to obviously add more margin upside to the company." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Jefferies analysts aim to raise their price target on shares of renewable energy company Sunrun (RUN), believing its share value could double as residential consumers begin their transition to solar energy sources.
Jefferies US Renewables Analyst Dushyant Ailani discusses the growth Sunrun can see in the space as it chases tailwinds on the Biden administration's investments into clean energy.
"The costs for [solar] storage have been trending lower, and... we see some up side to to Sunrun on that. Basically the company has talked about lowering their hardware costs, which potentially includes storage as well, by roughly 18%," Ailani tells Yahoo Finance. "So we are seeing those costs trend lower, and that's going to obviously add more margin upside to the company."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.