Sunrun Inc. (NASDAQ:RUN) is included among the 10 Best Clean Energy Stocks to Buy Right Now.
Sunrun Inc. (NASDAQ:RUN) is the leading home solar panel and battery storage company in the United States
On May 7, Goldman Sachs analyst Brian Lee trimmed the firm’s price target on Sunrun Inc. (NASDAQ:RUN) from $20 to $18, but maintained a ‘Buy’ rating on the shares. The lowered target still reflects an upside of over 28% from the current price levels. The target cut comes despite Sunrun Inc. (NASDAQ:RUN) posting a surprise profit and comfortably beating estimates in its Q1 report on May 6.
The company also grew its revenue by over 43% YoY and topped expectations. Sunrun’s aggregate subscriber value for the quarter was $1.1 billion, above its guidance range of $850 million to $950 million. Contracted net value creation came in at $108 million, near the high end of its guided range of $25 million to $125 million.