Deutsche Bank Trims Price Target on Sunrun (RUN)

Core Viewpoint - Sunrun Inc. (NASDAQ:RUN) is experiencing a decline in share price despite recent positive developments, including a joint venture aimed at financing distributed energy assets. Group 1: Share Price Movement - The share price of Sunrun Inc. fell by 5.65% between December 31, 2025, and January 7, 2026, making it one of the Energy Stocks that Lost the Most This Week [1] - Deutsche Bank lowered its price target on Sunrun from $20 to $19 while maintaining a 'Hold' rating on the shares [2] Group 2: Joint Venture and Financing - Sunrun announced a joint venture with HA Sustainable Infrastructure to finance distributed energy assets across the U.S., with HASI investing $500 million over 18 months to finance 300 MW of solar and energy storage capacity [3] - The joint venture allows Sunrun to retain a significant long-term ownership stake in the assets while providing greater flexibility in arranging senior project debt [3] - CFO Danny Abajian highlighted that this innovative financing structure is a first-of-a-kind for residential storage and solar financing, aiming for an efficient capital structure that could yield better proceeds than traditional financing arrangements [4] Group 3: Performance and Market Position - Sunrun achieved gains of almost 99% in the previous year, ranking among the 11 Best Performing Energy Stocks in 2025 [5] - Despite its strong performance, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [5]