Sunrun Receives Downgrade As Analyst Warns Business Model Relies On Inflated System Values For Tax Credits
1. RUN downgraded from Hold to Sell by GLJ Research analyst. 2. Sunrun incurs $644.56 million annual cash burn with over one million systems. 3. Proposed tax changes threaten Sunrun's ability to sell tax credits. 4. Analyst warns of existential risks for RUN without tax credit sales. 5. RUN stock down 39.32% to $5.85 amid these concerns.