10 Worst Performing Solar Stocks to Buy Now

4. Sunrun Inc. (NASDAQ:RUN)

6-Month Performance as of February 27: -59.70%

Number of Hedge Fund Holders: 38

Sunrun Inc. (NASDAQ:RUN) designs, develops, installs, sells, owns, and maintains residential solar energy systems across the US. It also offers battery storage, selling solar energy systems, and products. It serves residential homeowners through direct-to-consumer channels and a partner network.

In Q3 2024, it achieved record storage installations, with 60% of new customers opting for storage, which was nearly double the attachment rate from the previous year. It installed 336 megawatt-hours of storage, which was a 92% year-over-year increase, bringing the total networked storage capacity to 2.1 gigawatt-hours with 135,000 systems installed. This focus on storage is a key part of its strategy to create a “storage-first future” and enhance grid services. It’s actively involved in 16 grid service programs across the US, with over 20,000 customers participating, and has recently activated New York’s largest residential power plant.

The company is also expanding its offerings to existing customers, with a focus on battery upgrades. Nearly 87% of its existing 1 million customers do not have Sunrun Inc. (NASDAQ:RUN) storage systems, which presents a significant growth opportunity. It’s utilizing the Sunrun Inc. (NASDAQ:RUN) app to facilitate easy and low-cost upgrades.