Tuesday, June 29, 2021 10:17:20 PM
Sunrun Stock Forecast: The Outlook Is Improving
https://seekingalpha.com/article/4437140-sunrun-stock-forecast-outlook-is-improving?mail_subject=run-sunrun-stock-forecast-the-outlook-is-improving&utm_campaign=rta-stock-article&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha
Takeaway
Sunrun is America's leading household solar power company. With competent management and a long-term growth strategy, the company has achieved substantial growth in the last few years. The company has contributed toward environmental protection goals by removing 8.1 million metric tons of carbon pollution since 2007, which goes on to show that investor enthusiasm toward Sunrun is indeed based on good numbers. Although Sunrun faces stiff competition from other renewable energy providers, strategic alliances are likely to help the company deliver good numbers in the coming years. Sunrun is not yet profitable, but the industry outlook suggests that it has a long runway for growth, and we expect Sunrun to post consistently growing profits in the next 5 years. If customers and the government continue to shift to and encourage the use of renewable energy, which is the most likely scenario, Sunrun will be in a good position to report exponential growth in revenue and earnings.
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