Wolfe Research analyst Steve Fleishman downgraded Sunrun to Peer Perform from Outperform without a price target. Headwinds from the interest rate spike on financing costs and the stock’s valuation are “tough to ignore despite strong demand growth” from the Inflation Reduction Action and rising utility rates, Fleishman tells investors in a research note. The analyst sates he needs to see rate/credit markets stabilize before recommending the shares again.
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