10 Best Wind Power and Solar Stocks To Invest In Now

5. Sunrun Inc. (NASDAQ:RUN)  

Number of Hedge Fund Holders: 43  

Sunrun Inc. (NASDAQ:RUN) is a leading provider of residential solar energy solutions, offering solar installations, battery storage, and energy services. The company specializes in customized solar systems for homeowners and has over 1 million customers. Sunrun Inc. (NASDAQ:RUN) also offers products on leasing and financing options.

Sunrun Inc. (NASDAQ:RUN) is expanding its presence in new markets, including the new homes business, where it is working with 9 of the top 10 new home builders in California and over half of the top 20 home builders in the country. The company has signed a multi-year exclusive agreement with Toll Brothers in California and expects its new home business to grow at least 50% over the next year. Sunrun Inc. (NASDAQ:RUN) is also exploring new products and services, including grid services, which have the potential to generate significant value for the company. The company has 16 grid service programs active across the country, with over 20,000 storage systems participating, and is working with utilities and other partners to develop new programs and services.

Sunrun Inc. (NASDAQ:RUN) is also focused on reducing its debt and improving its balance sheet, with a strong cash position and no near-term corporate debt maturities. The company is committed to allocating excess unrestricted cash to reduce parent recourse debt and driving significant shareholder value through its capital allocation strategy.