5 Best Growth Stocks to Buy Right Now

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In this article, we discuss the 5 best growth stocks to buy right now based on billionaire growth investor Philippe Laffont’s Q1 portfolio. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Growth Stocks to Buy Right Now.

5. Sunrun Inc. (NASDAQ: RUN)

Number of Hedge Fund Holders: 41    

Sunrun Inc. (NASDAQ: RUN) is a clean energy company that primarily deals in solar panels. It is ranked fifth on our list of 10 best growth stocks to buy right now. On June 16, investment bank Morgan Stanley gave the stock an Overweight rating with a price target of $91. The share price of the clean energy company jumped more than 12% after the ratings upgrade. The stock has offered investors returns exceeding 162% over the course of the past twelve months. It has a market cap of close to $10 billion and posted close to $1 billion in revenue last year. 

Sunrun Inc. (NASDAQ: RUN) represents 5.64% of the investment portfolio of Coatue Management which holds 17 million shares in the company worth over $1 billion. The hedge fund has trimmed stake in the firm by 9% since December 2020. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Tiger Global Management LLC is a leading shareholder in Sunrun Inc. (NASDAQ: RUN) with 7 million shares worth more than $427 million. 

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