Sunrun is ‘maximum compelling blank power inventory,’ says Morgan Stanley

Stocks of Sunrun jumped greater than 10% on Wednesday after Morgan Stanley reiterated its obese ranking at the corporate, calling it “probably the most compelling blank power inventory” around the company’s protection.

Analyst Stephen Byrd additionally raised his goal on stocks of Sunrun from $86 to $91, suggesting about 110% upside from Tuesday’s ultimate value.

His bullish name is in line with a number of components, together with Sunrun’s expansion alternative, in addition to its low financing prices. Shopper call for for reliability — particularly as Texas and California’s grids come below force — must additionally power adoption.