There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Sunrun (RUN – Research Report) and Brookfield Infrastructure (BIPC – Research Report) with bullish sentiments.
Sunrun (RUN)
Scotiabank analyst Tristan Richardson maintained a Buy rating on Sunrun today and set a price target of $40.00. The company’s shares closed last Thursday at $10.44, close to its 52-week low of $8.43.
According to TipRanks.com, Richardson is a 4-star analyst with an average return of
Sunrun has an analyst consensus of Moderate Buy, with a price target consensus of $23.95, implying a 160.3% upside from current levels. In a report released today, RBC Capital also initiated coverage with a Buy rating on the stock with a $17.00 price target.
See the top stocks recommended by analysts >>
Brookfield Infrastructure (BIPC)
In a report released yesterday, Jonathan Reeder from Wells Fargo maintained a Buy rating on Brookfield Infrastructure, with a price target of $36.00. The company’s shares closed last Thursday at $30.91.
According to TipRanks.com, Reeder is a 3-star analyst with an average return of
Currently, the analyst consensus on Brookfield Infrastructure is a Moderate Buy with an average price target of $36.00.
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Read More on RUN:
- Sunrun Launches Premium Add-On Storage Offering In California, Maximizing the Value of Solar Energy
- Sunrun Reports Third Quarter 2023 Financial Results
- Sunrun options imply 12.2% move in share price post-earnings
- Notable companies reporting after market close
- Sunrun call volume above normal and directionally bullish
