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.