#1 - Sunrun (NASDAQ:RUN)
Sunrun, Inc. (NASDAQ: RUN) is the nation’s leading provider of residential solar panels and home batteries. At the end of 2022, the company had an installed base of over 53,000 solar and storage systems. This is bringing the company’s recurring revenue to over $1 billion. And with an average remaining contract life of over 17 years, the revenue will continue to flow.
Investors should also expect to see more growth. The 2022 Infrastructure Act provides generous subsidies for consumers to consider adding solar panels. And consider that solar energy accounts for only about 3.4% of the country’s current energy supply.
Sunrun is an example of how stocks can get mispriced in a bubble. RUN stock surged to over $90 a share early in 2021. Since then, the stock price has dropped over 80%. But that simply means that investors are trying to find a fair price for the stock. And as of this writing Sunrun analyst ratings on MarketBeat show a price that is over 100% higher than its price which comes in at $18.02 per share.
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
- $12.10
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $21.21 (75.3% Upside)
