Syeda Seirut Javed
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We recently published a list of 10 Stocks on Jim Cramer and Wall Street’s Radar. In this article, we are going to take a look at where Sunrun Inc. (NASDAQ:RUN) stands against other stocks on Jim Cramer and Wall Street’s radar.
During an episode at the end of April, Cramer remarked the following about Sunrun Inc. (NASDAQ:RUN):
“No, a bad couple quarters. I can’t be there. And by the way, look, First Solar’s a really good company. It got clubbed the other day. I think the group is very fraught right now. It’s fraught.”
A field of solar panels glistening in the afternoon sun, symbolizing the company's renewable energy ambitions.
Sunrun Inc. (NASDAQ:RUN) is a residential solar energy company that designs, installs, and maintains solar systems and battery storage. On May 22, BMO Capital analyst Ameet Thakkar downgraded Sunrun’s (NASDAQ:RUN) rating to Underperform from Market Perform and also lowered the price target to $4 from $9. The firm believes changes proposed in President Trump’s “One Big Beautiful Bill Act” could block the company from claiming solar investment tax credits on residential leases under Section 48E starting in fiscal 2026.
Although the bill is not yet final and may be revised, the recent draft dropped Section 25D credits, and there appears to be little support in the Senate to bring back residential credits. Since most of Sunrun’s (NASDAQ:RUN) customers lease their systems and the company keeps the tax benefits, losing access to 48E poses a serious threat to its business model.
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Disclosure: None. This article is originally published at Insider Monkey.
