SunRunRenewable energy consumption is expected to grow at a rate of 3.1% per year until at least 2050. By that time, renewables will lead the market, eclipsing petroleum, coal, natural gas, and other traditional sources. Investors can find plenty of bargain renewable energy stocks on the market today, but few are as convincing as SunRun Inc. (NASDAQ: RUN).
SunRun is a California based company that designs, develops, sells, installs, and maintains residential solar systems. It engages with homeowners through a direct sales model. In addition to selling systems, it is also developing lease and financed product tiers to attract a larger share of the consumer market.
The stock has broken past the $10 barrier that most investors consider bargain territory. However, it’s still affordable at $15, and there’s a strong upside with an average target price of $20.56. Long term, this stock could generate significant growth, boosting the portfolios of investors who get in early.
Company financials are strong. Revenue has increased for five consecutive years, and SunRun is profitable with a 27.93% gross profit margin and a 5.62% EBITDA margin. Long term earnings growth is estimated at 5%, suggesting that the company will continue to outperform other bargain energy companies in 2020.
- 1 Year Price Growth: 07%
- YTD Price Growth: 57%
- 3 Month Price Growth: -11.30%
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.