5 Best Climate Change Stocks To Buy According To Hedge Funds

4. Sunrun Inc. (NASDAQ:RUN)

Number of Hedge Fund Holders: 47

Sunrun Inc. (NASDAQ:RUN) is an electrical components and equipment company. It develops and installs residential solar energy systems in the US.

Deutsche Bank’s Corinne Blanchard also initiated coverage of Sunrun Inc. (NASDAQ:RUN) on November 14 with a Buy rating and a $36 price target.

In the third quarter, Sunrun Inc. (NASDAQ:RUN) saw revenue growth of 44% year-over-year and its customers reached a record-high of 760,000. Its revenue stood at $631.9 million, beating estimates by $63.28 million. For the full year of 2022, the company’s solar energy capacity installed is set to rise by at least 25%.

Our hedge fund data shows 47 funds long Sunrun Inc. (NASDAQ:RUN) in the third quarter. Their total stake value was $785.6 million.

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