Barclays analyst Jon Windham upgraded Sunrun (RUN) to Overweight following the company's Q3 results with an unchanged price target of $7.
The analyst sees potential for the company to take market share given the expected scaled-back operations at SolarCity following completion of the merger with Tesla (TSLA).
A significant amount of negative sentiment has been priced into Sunrun with the stock down 25% over the last month, Windham tells investors in a research note.
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