The three major stock market averages are poised for a positive week, while bitcoin is hovering just under $100,000.
Piper Sandler downgraded Sunrun , anticipating further cash generation uncertainty for the company under a higher-for-longer interest rate environment. Analyst Kashy Harrison lowered her rating on the struggling solar panel and battery storage company to neutral from overweight. She also cut her price target by $12 to $11, which suggests 7.6% potential upside for the stock.
Sunrun's shares have plunged nearly 48% this year, with losses piling as fears that President-elect Donald Trump could repeal the Inflation Reduction Act — which has supported tax credits to expand solar energy — have led to a downbeat outlook on solar stocks. 'Rates remain elevated, Republicans control the Presidency and Congress; as a result, equity performance has been dismal ...
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