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Sunrun Receives Downgrade As Analyst Warns Business Model Relies On Inflated System Values For Tax Credits
SunrunSunrun(US:RUN) Benzinga·2025-06-18 01:57

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 ...