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Investing.com - Goldman Sachs has reiterated its Buy rating on Sunrun (NASDAQ:RUN) with a price target of $19.00, following the company’s recent securitization activities. The stock, which has surged over 150% in the past six months, currently trades near $16.45, with analyst targets ranging from $10 to $25.
The solar installer priced a $510 million securitization of leases and power purchase agreements on September 12, marking its fifth such issuance in 2025 and third in the third quarter alone. According to InvestingPro data, the company operates with a significant debt burden of over $14 billion, making these financing activities crucial for its operations.
Goldman Sachs noted that the senior tranche pricing, yields, and spreads were approximately on par with Sunrun’s most recent issuance from July 2025.
The investment bank highlighted that Sunrun has raised more than $1.5 billion through senior and subordinated non-recourse debt financings in the third quarter of 2025.
This financing activity positions Sunrun, as the largest residential solar installer, to continue leveraging its scale for similar transactions to fund its business operations heading into 2026.
In other recent news, Sunrun has seen a series of significant developments. RBC Capital upgraded Sunrun’s stock rating from Sector Perform to Outperform, increasing the price target to $16.00. This decision was influenced by newfound clarity around long-term opportunities, following updated treasury guidance. Meanwhile, GLJ Research also upgraded Sunrun’s stock, moving it from Sell to Hold, citing favorable guidance from the U.S. Treasury for the residential solar sector. Barclays has maintained its Equalweight rating with a $15.00 price target, praising Sunrun’s strategic momentum and robust positioning through 2029. These analyst actions come amid broader positive trends in the solar industry, as China’s solar sector recovery contributes to a price rebound, benefiting companies like Sunrun. Additionally, President Donald Trump reiterated his criticism of renewable energy, including solar, highlighting concerns over rising energy costs. These recent developments are crucial for investors monitoring Sunrun’s performance and the solar industry’s trajectory.
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