5 Best Solar Stocks for 2021

3. Sunrun Inc. (NASDAQ: RUN)

Number of Hedge Fund Holders: 41

Sunrun Inc. (NASDAQ: RUN) develops residential solar energy systems in the US. The company also sells solar energy systems and products, such as solar panels. It ranks 3rd on our list of the best solar stocks for 2021.

On June 16th, Morgan Stanley raised its price target for Sunrun Inc. (NASDAQ: RUN) to $91, commenting that the stock was among the “most compelling” in the clean energy sector. In the first quarter of 2021, Sunrun Inc. (NASDAQ: RUN) had EPS of -$0.12, missing estimates by -$0.08, and its revenue was $334.79 million, beating estimates by $10.81 million. The company has a gross profit margin of 17.77%, and the stock has gained 201.44% in the past year.

By the end of the first quarter of 2021, 41 hedge funds out of the 866 tracked by Insider Monkey held stakes in Sunrun Inc. (NASDAQ: RUN). The total value of their stakes was roughly $24 billion. This is compared to the previous quarter’s 48 hedge fund holders with a total stake value of approximately $30 billion.