#6 - Sunrun (NASDAQ:RUN)
Sunrun Inc. (NASDAQ: RUN) is one of the leading providers of residential solar panels and energy storage solutions in the United States. Yet, despite the incentives being touted by the Biden administration, RUN stock is down 11% in 2023.
A quick look at the company’s financials shows that revenue is increasing on a year-over-year basis. Unfortunately, the same can’t be said for earnings. And while the company is forecast to post a narrower loss in 2023 than in 2022, its earnings are not expected to be positive.
The company is also heavily shorted. As of July 2023, short interest was around 16.5% of the publicly traded float. However, that does mean the stock could be a candidate for a short squeeze if the company’s revenue and earnings impress.
Sunrun is undoubtedly the most speculative stock on this list, but it’s one the analysts love. Sunrun analyst ratings on MarketBeat give RUN stock a Moderate Buy rating with an upside of over 37%.
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
- $9.87
- Consensus Rating
- Hold
- Ratings Breakdown
- 12 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $19.21 (94.7% Upside)
