Truist Securities analyst Jordan Levy cut the rating and price target of several Sustainability equities following the recent broad-based sell-off on increased investor concerns amid a 'higher-for-longer' rate environment.
The analyst downgraded Sunrun Inc (NASDAQ: RUN) to Hold from Buy and lowered its price target to $12 from $30.
Levy lowered the rating on Sunnova Energy International, Inc (NYSE: NOVA) to Hold from Buy at a decreased price target of $11 from $35.
On the other hand, the analyst cut the price target for SunPower Corp (NASDAQ: SPWR) to $6 from $10, with a maintained Hold Rating.
Levy notes the importance of the 'long game' in Sustainability and believes the