12 NASDAQ Stocks with Biggest Upside Potential According to Analysts

Page 3 of 11

9. Sunrun Inc. (NASDAQ:RUN)

Average Upside Potential as of November 21: 83.40%

Sunrun Inc. (NASDAQ:RUN) provides photovoltaic systems and battery energy storage products, primarily for residential customers. It specializes in solar energy systems for homeowners, offering services that allow customers to adopt solar power with little to no upfront costs.

In the third quarter of 2024, the company recorded a 4.62% decline in its year-over-year revenue, generating an amount of $537.17 million, which was lower than analyst expectations. Yet, Q3 marked the installation of over 135,000 solar and storage systems, with storage attachment rates reaching 60% of installations during the quarter.

The company has activated New York’s largest residential virtual power plant, leveraging over 300 solar-plus-storage systems. This innovative program enhances grid reliability by synchronizing home batteries to discharge 20% of their stored solar energy during peak demand periods. Participants receive free or discounted batteries and bill credits, while also benefiting from backup power for their homes.

Sunrun Inc. (NASDAQ:RUN) is well-positioned for growth. Investments in infrastructure and technology are enhancing margins and positioning it for long-term success.

Page 3 of 11