#2 - Sunrun (NASDAQ:RUN)
A good way to invest in any sector is to buy the leaders. That would be the argument for Sunrun (NASDAQ:RUN) which has one of the largest installed bases in the United States. As of September 2022, the company has over 600,000 installations in 22 states.
However, the company’s leadership isn’t showing up in the company’s stock price, which is trading flat in 2022. One reason for that may be that the company is not consistently profitable.
That being said, the company continues to deliver revenue that continues to increase on a sequential and year-over-year basis. With tailwinds likely to keep those revenue numbers high, profitability is likely to follow.
That would appear to be the opinion of the analysts tracked by MarketBeat. They give RUN stock a consensus buy with a price target of over $48 which would be a 26% upside from its current level. And since the company last reported earnings in early August, six analysts have raised their price targets, with three of those targets significantly above the consensus number.
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
- $11.28
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $21.21 (88.0% Upside)
