5 Best Solar Energy Stocks to Invest In Heading into 2023

2. Sunrun Inc. (NASDAQ:RUN)

Number of Hedge Fund Holders: 47

Sunrun Inc. (NASDAQ:RUN) is a company that designs and develops home solar energy systems in the United States. Furthermore, the company provides battery storage systems. Sunrun Inc. (NASDAQ:RUN) completed the acquisition of Vivint Solar, Inc., a prominent full-service home solar supplier in the United States, on October 8, 2020. The company is now the leading residential solar provider in the United States

On November 11, 2022, Elvira Scotto, an analyst at RBC Capital, reduced her price target on Sunrun Inc. (NASDAQ:RUN) to $42 while keeping an Outperform rating on the stock. The analyst believes that the company’s supply chain seems to be improving, and its possible recession outlook seems manageable.

According to Insider Monkey’s database, 47 hedge funds held stakes in Sunrun Inc. (NASDAQ:RUN) at the end of the third quarter ending September 2022. Orbis Investment Management remained the leading stakeholder in the company at the end of Q3 2022.