RBC Capital Markets upgrades this solar stock to outperform following tax credit clarification

There's a rosy outlook ahead for Sunrun , according to RBC Capital Markets. The bank upgraded the solar stock to an outperform rating from sector perform. Analyst Christopher Dendrinos' price target of $16 per share, up from $12, implies a potential upside of 15% from here. Shares of Sunrun have surged 50% this year. RUN YTD mountain RUN YTD chart As a catalyst, Dendrinos pointed to guidance issued Friday from the Treasury Department on how renewable projects might qualify for tax credits under President Donald Trump's One Big Beautiful Bill Act. While the act terminates investment and production tax credits for solar and wind projects after 2027, projects that start construction within 12 months of the passage of the act can still claim credits beyond this deadline. "Treasury guidance fir