5 Most Undervalued Solar Stocks to Buy According to Hedge Funds

2. Sunrun Inc. (NASDAQ:RUN)

Number of Hedge Fund Holders: 47

While Sunrun Inc. (NASDAQ:RUN) has a relatively high PE ratio, it makes it to our list because it has lost 22% over the past six months and analysts are hopeful the shares of Sunrun Inc. (NASDAQ:RUN) could perform well in the future amid long-term growth catalysts. Sunrun Inc. (NASDAQ:RUN) is also popular among hedge funds and saw a jump in the number of funds having stakes in it in the third quarter. According to Insider Monkey’s database, 47 elite hedge funds have stakes in Sunrun Inc. (NASDAQ:RUN) as of the end of the September quarter, compared to 36 funds in the previous quarter. The biggest stakeholder of Sunrun Inc. (NASDAQ:RUN) is William B. Gray’s Orbis Investment Management which owns a $337 million stake in Sunrun Inc. (NASDAQ:RUN).

Sunrun Inc. (NASDAQ:RUN) is a market leader in the residential solar market. Sunrun Inc. (NASDAQ:RUN) says it has about 18% market share in the US solar market, while it enjoys a whopping 66% market share in solar subscriptions.