JP comes out with solar coverage... bit late boys. Christ. They basically upgraded everything.
the 2 most interesting are:
Sunrun price target raised to $65 from $52 at JPMorgan 07:53 RUN JPMorgan analyst Mark…
Shoals Technologies price target raised to $35 from $31 at JPMorgan 07:53 SHLS JPMorgan analyst Mark Strouse raised the firm's price target on Shoals Technologies to $35 from $31 and keeps an Overweight rating on the shares. The analyst views the Inflation Reduction Act as the largest policy change in U.S. history to accelerate growth in an "already inevitable energy transition to renewables." While changes are still possible as the bill proceeds to the House of Representatives, investor expectations for the industry will "appreciate materially with the passage of the more evenly divided Senate," Strouse tells investors in a research note. Although alternative energy stocks have risen since the initial news of the bill, there is further upside for most companies in the space, says the analyst. He thinks companies with existing domestic manufacturing as the most immediate beneficiaries.
RUN-$34.50
SHLS-$24.00
/////////////////////
PLUG-$26.50
the 2 most interesting are:
Sunrun price target raised to $65 from $52 at JPMorgan 07:53 RUN JPMorgan analyst Mark…
Shoals Technologies price target raised to $35 from $31 at JPMorgan 07:53 SHLS JPMorgan analyst Mark Strouse raised the firm's price target on Shoals Technologies to $35 from $31 and keeps an Overweight rating on the shares. The analyst views the Inflation Reduction Act as the largest policy change in U.S. history to accelerate growth in an "already inevitable energy transition to renewables." While changes are still possible as the bill proceeds to the House of Representatives, investor expectations for the industry will "appreciate materially with the passage of the more evenly divided Senate," Strouse tells investors in a research note. Although alternative energy stocks have risen since the initial news of the bill, there is further upside for most companies in the space, says the analyst. He thinks companies with existing domestic manufacturing as the most immediate beneficiaries.
RUN-$34.50
SHLS-$24.00
/////////////////////
PLUG-$26.50

