Sunrun Inc. (SRUN) Up 1.6% on Bullish Rating From Northland Securities

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Sunrun Inc Intrinsic Stock Value – Sunrun Inc ($NASDAQ:RUN). was up 1.6% in Wednesday’s trading after it won a bullish rating from Northland Securities. Northland started coverage on Sunrun with an Outperform rating and $60 price target, calling it “a high-quality business with very strong and dependable cash flows.”

Northland analyst Abhishek Sinha cited Sunrun’s “flexible multi-channel business model which is ready to burgeon with growing solar demand” supported by the new Inflation Reduction Act. Sinha said the recent pullback provides a “great opportunity for all investors seeking exposure to the residential solar market but especially for those who missed the stock run driven by the passage of the IRA bill.”

Stock Price

On Wednesday, shares of Sunrun Inc. opened at $30.70 and closed at $31.10, up by 2.7% from the prior closing price of $30.20. Sunrun Inc. is a leading provider of solar energy services in the United States. The company offers a variety of solar energy solutions, including solar panel installation, solar leasing, and solar power purchase agreements. Sunrun Inc. is well-positioned to continue this growth, with a strong market position and a large addressable market.

VI Analysis – Sunrun Inc Intrinsic Stock Value

SUNRUN INC’s fundamentals reflect its long term potential. The company’s strong financials, stable growth, and competitive advantages make it a good candidate for investment. The fair value of SUNRUN INC shares is around $52.6, calculated by VI Line. Now SUNRUN INC stock is traded at $31.1, undervalued by 41%.

Summary

Northland Securities said that Sunrun is well positioned to benefit from the growth of the solar industry and that the company’s recent acquisitions will help it expand its market share. Sunrun is a leading provider of residential solar systems in the United States and has been growing its market share through aggressive marketing and expansion into new markets.