Shares of energy name Sunrun Inc (NASDAQ:RUN) are up 3.9% to trade at $21.49 this morning, earlier tapping a two-year high of $22.44, enjoying a lift off a fresh bull note out of BMO Capital. The brokerage firm upgraded RUN to "market perform" from "underperform" and lifted its price objective to $19 from $10. The analyst cited an improved cash position and an ability to pay buybacks and shareholder returns in the coming year.
The renewable energy name has been an outperformer on the charts, adding 134.4% so far in 2025. Additional support has emerged from the ascending 30-day moving average, which has captured several pullback since early July.
More bull notes could be on the way, with nine brokerages sporting a "hold" or worse recommendation on RUN. Plus, the security's average 12-month price target of $16.76 stands at a 22.4% deficit to last night's close, leaving ample room for price target hikes.
Options are looking attractive, too. This is per the equity's Schaeffer's Volatility Index (SVI) of 111% that sits lower than 32% of annual readings. In other words, traders are pricing in low volatility expectations
