5 Most Undervalued Solar Stocks To Buy According To Hedge Funds

Page 1 of 5

In this article, we discuss 5 most undervalued solar stocks to buy according to hedge funds. If you want to read our detailed discussion on the solar industry, head over to 11 Most Undervalued Solar Stocks To Buy According To Hedge Funds

5. Sunrun Inc. (NASDAQ:RUN)

Number of Hedge Fund Holders: 24

P/E Ratio as of November 2: 23.62

Sunrun Inc. (NASDAQ:RUN) specializes in residential solar energy solutions in the United States, including design, installation, sales, ownership, and maintenance. The company also offers solar products, battery storage, and services to residential homeowners and commercial developers. Sunrun Inc. (NASDAQ:RUN) is one of the most undervalued solar stocks. On November 1, the company announced a Q3 non-GAAP EPS of $0.40, beating market estimates by $0.56. However, revenue for the period dropped nearly 11% year-over-year to $563.18 million, missing Wall Street consensus by $11.9 million. 

According to Insider Monkey’s second quarter database, 24 hedge funds were bullish on Sunrun Inc. (NASDAQ:RUN), compared to 27 funds in the prior quarter. William B. Gray’s Orbis Investment Management is the largest stakeholder of the company, with approximately 14 million shares worth $250 million. 

Follow Sunrun Inc. (NASDAQ:RUN)

Page 1 of 5