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Why Sunrun Stock Surged Today

TheMotleyFool

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Shares of Sunrun (NASDAQ: RUN) climbed 9.3% on Thursday, furthering the solar power company's recent gains.

Yesterday, Morgan Stanley analyst Stephen Byrd pounded the table for Sunrun's stock. He reiterated his overweight rating for the residential solar developer and lifted his share price forecast from $86 to $91. "We view Sunrun as the most compelling clean energy stock we cover," Byrd said.

If he's correct, Byrd's new estimate would equate to returns of approximately 75% for investors, based on the stock's current price near $52.

Source Fool.com

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