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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

RBC Capital Markets Downgrades Sunrun (RUN) PT to $5 Over Recent US Senate Proposal

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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80% Informative

RBC Capital Markets downgraded Sunrun from Outperform to Sector Perform and halved its price target from $12 to $5 .

The adjustment was prompted by concerns over a recent US Senate proposal that signals the potential elimination of Section 25D residential solar leasing tax credits.

The solar portion of these systems, which represents less than 30% of the installation value, would no longer qualify for subsidies.

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