10 Best Solar Energy Stocks to Invest In

8. Sunrun Inc. (NASDAQ:RUN)

Hedge Funds Holding Stakes: 37

Upside potential as of August 2, 2024: 17%

Sunrun Inc. (NASDAQ:RUN) is one of the leading providers of residential solar storage and entry services, affirming its edge as one of the 10 best solar energy stocks to invest in. The company maintains operations in 22 US states offering solar energy systems and products, including panels for capturing solar energy, and boasts of a three-year average sales growth of 26.6%.

Sunrun Inc. (NASDAQ:RUN)’s long-term goal is to become a provider of whole-home electrification rather than focusing on home solar. In this case, it should offer home batteries, electric vehicle charging, and grid services. While the stock has been down by about 15% over the past five years, it remains a solid pick, given its exposure to the installation of solar panels.

37 out of 920 hedge funds tracked by Insider Monkey held stakes in Sunrun Inc. (NASDAQ:RUN) as of the end of the first quarter. The stock is currently rated as a ‘Buy’ on Wall Street with an average price target of $20.50, implying a 17% upside potential from current levels.