SunRun Inc. (NASDAQ: RUN) is a solar energy company focused on the development, manufacture, installation, sale, and maintenance of solar energy systems. Looking at the stock earlier in the year, it was a strong pick just outside of traditional bargain territory. With recent market dips related to COVID-19, the stock is now significantly down from its 52-week peak of $23.66. Anyone looking to buy the stock for the first time, or increase their position, will find today’s price compelling.
This solar company is a popular option for households and small businesses looking to install solar systems. Its full integration from development to installation and maintenance allows it to set prices while containing costs. Revenue has increased for five consecutive fiscal years.
Solar is now responsible for 40% of the energy generation in the United States. It will account for more than half of all energy produced within the next 50 years. SunRun’s strong presence today and growth momentum gives it an enviable foothold in this expanding industry.
There’s a likely upside for investors who buy now, with a mid-term target price of $19.40. Beyond this, growth is likely, especially when the economy recovers from Coronavirus and household spending inevitably picks up again.
- 1 Year Price Growth: -24.97%
- YTD Price Growth: -12.64%
- 3 Month Price Growth: -20.99%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.