10 Best Alternative Fuel Stocks To Buy According to Hedge Funds

5. Sunrun Inc. (NASDAQ:RUN)

Number of Hedge Fund Holders: 43

Sunrun Inc. (NASDAQ:RUN) is a prominent company in the residential solar energy market that provides solar installations, battery storage, and energy services. The company is known for its customized solar solutions tailored to homeowners on flexible financing options, including leasing and purchase agreements. Sunrun Inc. (NASDAQ:RUN) is the first and only solar and storage company that has 1 million customers.

Sunrun Inc. (NASDAQ:RUN) is evolving into a multi-product company, offering a suite of clean energy solutions to both new and existing customers. The company is actively testing and scaling new products and services, such as additional storage offerings to its existing customer base. With nearly 87% of its one million customers not yet equipped with the company’s storage systems, Sunrun Inc. (NASDAQ:RUN) is focusing on upselling and cross-selling. The company is leveraging its user-friendly app as a key channel for engaging customers and facilitating these sales, allowing for quick and cost-effective fulfillment. Additionally, the company is actively exploring international markets and leveraging its expertise in grid services to create new revenue streams.

Sunrun Inc. (NASDAQ:RUN) is also expanding its reach through strategic partnerships and new market opportunities, particularly in the new homes sector. The company is working with nine of the top ten new home builders in California and over half of the top twenty home builders in the US. These partnerships enable the company to offer immediate value to new home buyers, including energy savings, resiliency, and backup power, without increasing the cost of purchasing a home.