RBC Capital Markets upgraded Sunrun (RUN) to outperform from sector perform and raised its price target to $16 from $12 following the U.S. Treasury Department's release of new guidance clarifying federal tax credit rules for solar and wind projects. The guidance, issued on August 15, 2025, under a Trump executive order, broadly maintained eligibility for tax credits through the end of 2030 with only modest qualification changes. This clarity on the beginning of construction requirements for the Production Tax Credit (PTC) and Investment Tax Credit (ITC) has been viewed positively by analysts, who cited it as de-risking the growth outlook for solar companies. First Solar (FSLR) also saw gains and was highlighted as a top pick by UBS in light of the IRS notice. The Treasury's updated rules have led to a rise in U.S. solar stocks, although some reports noted the guidance also introduced certain restrictions on wind and solar tax credits. Overall, the market response reflects increased confidence following the federal government's clarification of subsidy rules for renewable energy projects.