Sunrun, Inc. (RUN)

[eFinanceMarkets]

Sunrun upgraded to Buy at UBS on accelerating prospects out of Q4
Sunrun (RUN +2.9%) upgraded to Buy from Neutral with a $6.50 price target at UBS, which sees pitfalls associated with Q4 now in the past and the company poised to execute as the story heads towards northeastern states.
The firm sees the National Grid deal as substantially more meaningful than investors are willing to acknowledge, and views RUN's accelerated hiring as epitomizing its relative confidence.
With Tesla's SolarCity subsidiary and others stuck on execution, UBS sees the opportunity for RUN to reset already low expectations.