Sunrun and Other Solar Stocks With Strong U.S. Presence Are a Buy, Analyst Says

An analyst from Deutsche Bank is bullish on Enphase Energy Sunrun and First Solar due to their strong domestic presence amid new U.S. legislation.

Deutsche Bank analyst Corinne Blanchard initiated coverage of Enphase (ticker: ENPH), Sunrun (RUN) and First Solar (FSLR) with Buy ratings and 12-month price targets of $330, $36 and $180, respectively. Blanchard has confidence in the future of these stocks due to their exposure to the U.S. markets after the passing of the Inflation Reduction Act.

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