BUZZ-Sunrun shares rise, reverse early losses

Reuters11-23

(Updates)

** Shares of Sunrun rise 2.8% to $10.51, reversing early losses

** Piper Sandler, on Thursday, downgraded RUN to "neutral" from "overweight", cut PT to $11 from $23

** Downgrading stock given cash generation uncertainty (post safe-harbor) under brokerage's base case amid a higher-for-longer rate environment - brokerage

** Fourteen brokerages rate RUN the equivalent "buy" or "strong buy", 12 "hold" and 1 "sell"; their median PT is $18.5, according to data compiled by LSEG

** Including session's move, stock down 46.6% YTD

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))

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