Jefferies lowered the firm’s price target on Sunrun to $29 from $31 and keeps a Buy rating on the shares. With the residential solar market still largely recovering, the firm anticipates Q3 solar installations to be down year-over-year, but suspects growth, or lack thereof, will be less of a focus this quarter. Instead, the firm expects the focus will be on cash generation as Sunrun “attempts to reassure cautious investors that its cash outlook is indeed actionable,” the analyst tells investors in a preview.

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