Sunrun could be on the cusp of surging, according to JPMorgan. JPMorgan reiterated an overweight rating on the solar stock on Thursday and raised its price target to $20 per share from $16. The firm’s forecast implies about a whopping 120% upside from Wednesday’s $9.07 close. Analyst Mark Strouse pointed to Sunrun’s strong second-quarter results as cause for the target hike. Earnings per share grew to $1.07 from 55 cents on a year-over-year basis, while revenue of $569.3 million beat a FactSet estimate of $559.4 million. Shares rallied more than 16% in the premarket following the release. RUN YTD mountain Sunrun stock in 2025. “Management commentary was upbeat owing to company execution as well as from the OBBB [One Big Beautiful Bill, which had preferential treatment for the lease/ PPA [power purchase agreement] market relative to cash/loan, and RUN is well underway with its safe harbor strategy to extend visibility,” the analyst said. The analyst also said the electric vehicle and home energy management segment is “underpenetrated,” which could benefit Sunrun as the de facto leader in residential energy services. He added that he expects the segment to expand by a double-digit compounded annual growth rate, or CAGR, clip. “The company has strong visibility into future revenue owing to long-term customer contracts, value per customer should improve as more services are adopted, and we believe RUN is positioned for market share gains owing to favorable ITC rules as well as the company’s leading scale,” the analyst said. Analysts are split on the stock. LSEG data shows that 10 of the 24 analysts covering Sunrun have a buy or strong buy rating. The remaining 14, however, have hold or underperform rating.
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