Sunrun Inc
RUN: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$82.00 | Cyk | Jnycdnz |
Sunrun Looks to Grow Above Market in 2023; Maintaining $27 Fair Value Estimate
We maintain our $27 per share fair value estimate for Sunrun following its fourth-quarter results and 2023 outlook. While the company's growth guidance surpassed our expectations, this was largely offset by an increase in our discount rate. Our no-moat rating is unchanged. We view shares of Sunrun as slightly undervalued.