5 Best Solar Energy Stocks to Buy Now

4. Sunrun Inc (NASDAQ: RUN)

No of HFs: 29

Total Value of HF Holdings: $3.271 Million

Sunrun Inc is a US-based large-cap residential solar system company. The business focuses on solar panel sales, storage systems, and financing. With $1.7 billion net earning assets and 20% growth in the customer base, the company has reached a $382 million total cash balance. Sunrun Inc has over 500,000 customers and has sold its solar service in 22 US states.

Stock gain this year is 526.7% and the compound 3 year revenue growth rate is 19,1%. Here is what Massif Capital said about Sunrun in 2020:

We laid out our thesis on Sunrun (NASDAQ:RUN) in our first-quarter letter to investors and concluded that while the company had dropped 50% in March, we still felt comfortable holding the short position, this was an error. We re-evaluated that posture in May, following a rapid rise in the stock price, and decided to exit the position as the title wave of liquidity entering the markets seemed more than enough to continue to support a firm dependent on capital markets for cash. Given the level of support we see in credit markets right now, our misgivings about their business model do not add up to sufficient catalysts to allow us to hold the position. We encourage readers to revisit our thesis on the company. We would highlight that our decision to re-enter at any point in the future will likely be a function of regulatory rulings on utility net metering practices or compelling evidence to suggest a decline in tax equity investing.