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Stock impact report

Deutsche Bank Trims Price Target on Sunrun (RUN) [Yahoo! Finance]

Sunrun Inc. (RUN) 
NASDAQ:AMEX Investor Relations: investors.sunrun.com/investor-overview
Company Research Source: Yahoo! Finance
Sunrun Inc. (NASDAQ:RUN) is America's leading provider of clean energy as a subscription service, offering residential solar and energy storage with no upfront costs. On January 7, Deutsche Bank lowered its price target on Sunrun Inc. (NASDAQ:RUN) from $20 to $19, while maintaining a ‘Hold' rating on the shares. However, on a positive note, Sunrun Inc. (NASDAQ:RUN) announced on January 6 that it has formed a joint venture with HA Sustainable Infrastructure to finance distributed energy assets across the United States. Under the agreement, HASI will invest $500 million in the JV over an 18-month period, with the intention of financing 300 MW of solar and energy storage capacity. While HASI's equity investment will monetize a part of long-term customer cash flows from the underlying assets, Sunrun will be able to retain a significant long-term ownership stake in the assets. Moreover, the JV will provide the solar energy company with greater flexibility in arranging senior project d Show less Read more
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