5 Best Tech Stocks To Invest In Right Now.

3. Sunrun Inc. (NASDAQ: RUN)

Philippe Laffont’s hedge fund has made a big bet on the residential solar energy systems developer Sunrun Inc. (NASDAQ: RUN) in the latest quarter.

The hedge fund has bought 9 million additional shares of the solar energy systems developer to increase the overall stake to 17 million shares. The investment is valued at $1.24 billion, accounting for 6.33% of the overall portfolio.

Shares of Sunrun soared 330% in the last twelve months. Despite an impressive stock run, Massif Capital looks bearish over the Sunrun. Here’s what Massif Capital stated about Sunrun in a shareholders letter:

“We laid out our thesis on Sunrun in our first-quarter letter to investors and concluded that while the company had dropped 50% in March, we still felt comfortable holding the short position, this was an error. We re-evaluated that posture in May, following a rapid rise in the stock price, and decided to exit the position as the title wave of liquidity entering the markets seemed more than enough to continue to support a firm dependent on capital markets for cash.”