Sunrun Inc
RUN: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$29.00 | Vnqx | Jhblwczbw |
Sunrun's Pricing Actions Should Benefit Margins; Raising FVE to $34 on Policy Upside
We increase our fair value estimate for Sunrun to $34 from $27 following the company's second-quarter results. The primary driver of our fair value increase is incorporating upside to rooftop solar demand as a result of the proposed Inflation Reduction Act of 2022. We view Sunrun shares as fairly valued at current prices.