#3 - Sunrun (NASDAQ:RUN)
Solar energy has been one of the hottest subsectors in the renewable energy sector. And investors looking to invest in a best-in-class solar company need look no further than Sunrun (NASDAQ: RUN).
In June, Morgan Stanley (NYSE: MS) called Sunrun “the most compelling clean energy stock.” At the time, it raised its price target for RUN stock from $86 to $91. And although the company had a disappointing earnings report in August, only one analyst has issued a lower price target as of this writing.
That may be because analysts understood that Sunrun is caught in the middle of the infrastructure battle that now looks to have been resolved. With that in the rearview mirror, the company looks to benefit from government subsidies for solar panel installations.
Plus the company is active in the growing EV charging field. Sunrun is now the preferred installer for the Ford Motor Company’s (NYSE: F) F-150 EV pickup truck.
About Sunrun
Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.
Read More - Current Price
- $11.89
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $21.21 (78.4% Upside)
