5 Best Green Stocks To Invest In

In this article, we discuss the 5 best green stocks to invest in. If you want to read our detailed analysis of the green energy industry, go directly to see 10 Best Green Stocks To Invest In.

5. Sunrun Inc. (NASDAQ:RUN)

Number of Hedge Fund Holders: 45

According to a report published by the Solar Futures Study, solar energy is going to play a major role in decarbonizing the American power grid and has the potential to power over 40% of the nation’s electricity by 2035.

Sunrun Inc. (NASDAQ:RUN) is an American solar company that provides solar panels and home batteries in residential areas.

As of Q2, 45 hedge funds tracked by Insider Monkey were bullish on Sunrun Inc. (NASDAQ:RUN), up from 41 in the previous quarter. The total value of these stakes is over $2.5 billion.

Horizon Kinetics mentioned Sunrun Inc. (NASDAQ:RUN) in its Q2 2021 investor letter. Here is what the firm has to say:

“What this table did not cover is valuation. What’s expensive, what’s cheap? A good business that is too expensive is not a good investment. The most expensive business in the table is Sunrun. Sunrun is the nation’s largest residential rooftop solar panel system seller/installer. Sunrun’s valuation might also shed Thumbnail valuation.

To start at the top of the income statement, Sunrun shares trade at 10.3x revenues. The most profitable company in the S&P 500, Microsoft, trades at 13x revenues. Sunrun operates at a loss. Obviously, not only is tremendous growth anticipated, but tremendous profitability, too.

Let’s simply accept that investors have correctly anticipated Sunrun’s future success and make that the starting point for a valuation exercise…” (Click here to see the full text)