8 Most Promising Solar Stocks According to Hedge Funds

2. Sunrun Inc. (NASDAQ:RUN)

Number of Hedge Fund Investors: 43

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

Sunrun Inc. (NASDAQ:RUN) is evolving into a multi-product company, focusing on upselling and cross-selling to boost revenue. The company is actively testing and scaling new products and services for new customers while offering storage solutions to its existing customer base. Notably, approximately 87% of its one million customers have yet to adopt the company’s storage systems, presenting significant growth opportunities. This emphasis on storage enhances the customer value proposition by providing backup power and aligns with the company’s higher-margin strategy. Sunrun Inc. (NASDAQ:RUN) is leveraging its app to streamline sales, making it simple and cost-effective for customers to add additional products.

Additionally, Sunrun Inc. (NASDAQ:RUN) is partnering with leading home builders to integrate solar and storage solutions into new homes. The company collaborates with 9 of the top 10 home builders in California and more than half of the top 20 home builders nationwide. These partnerships are pivotal in broadening the company’s market reach, ensuring that new homeowners have access to clean, affordable, and resilient energy from the outset.