Sunrun Stock Gets Buy Rating From Credit Suisse

By Claudia AssisMarketWatch Pulse

Shares of Sunrun Inc. got a buy rating from Credit Suisse on Monday, with analysts at the bank setting a $20 price target for the residential solar installer's stock. San Francisco-based Sunrun is "well positioned to outgrow (the residential solar leasing market) and generate above-peer returns in the long term," thanks to its capital-efficient growth, multi-channel strategy, and broad reach, the analysts said. Shares of Sunrun rose 1.9% on Monday to trade at $11.84, 15% below its Aug. 5 IPO price of $14 a share.

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