Sunrun Receives Downgrade As Analyst Warns Business Model Relies On Inflated System Values For Tax Credits
Sunrun RUN shares are trading lower on Tuesday after GLJ Research analyst Gordon L. Johnson II issued a downgrade for the stock from Hold to Sell.Johnson noted the underlying equity is worthless unless SunRun can inflate the value of its solar systems to collect tax credits.Also Read: Sunrun, First Solar Plunge—Solar Stocks Hit Hard By Trump Tax Bill: LatestSunRun’s first-quarter 2025 financial disclosure, he said, currently has over one million systems on its balance sheet.Johnson said that assuming each o ...