10 Best Solar Energy Stocks To Buy Now

4. Sunrun Inc. (NASDAQ:RUN

Number of Hedge Fund Investors: 43

Sunrun Inc. (NASDAQ:RUN) is one of the largest residential solar and battery storage companies in the United States. The company provides solar panel installations, energy storage systems, and energy services through long-term subscription-based leases, power purchase agreements (PPAs), and direct sales. Sunrun Inc. (NASDAQ:RUN) sells solar power to residential customers and offers financing solutions.

Sunrun Inc. (NASDAQ:RUN) is transitioning into a multi-product company and is focusing on upselling and cross-selling to expand its revenue. The company is actively testing and scaling new products and services for new customers and is offering storage solutions for its existing customer base. Approximately 87% of its one million customers are not yet equipped with the company’s storage systems, which presents a large untapped potential for the company to increase its revenue streams. This strategic focus on storage is not only enhancing the customer value proposition by providing backup power but is also a part of the company’s higher margin strategy. Sunrun Inc. (NASDAQ:RUN) is leveraging its app to facilitate these sales, making it easy and cost-effective for customers to sign up for additional products.

Sunrun Inc. (NASDAQ:RUN) is also partnering with leading home builders to integrate solar and storage solutions into new homes. The company is currently working with 9 of the top 10 new home builders in California and over half of the top 20 home builders in the U.S. These partnerships are crucial in expanding the company’s market reach and ensuring that new homeowners have access to clean, affordable, and resilient energy from the start.