Sunrun's (RUN) Safe Harbor Data Signals Potential Twofold Customer Growth

Sunrun Inc. (NASDAQ:RUN) ranks among the best short squeeze stocks to buy right now. On November 12, Mizuho reaffirmed its Outperform rating and $25 price target for Sunrun Inc. (NASDAQ:RUN), emphasizing the company’s recently proven capacity to realize upfront sales and offer new customer originations to third parties.

This comes after Sunrun’s Q3 earnings call, in which the company revealed revenues of $724.56 million, exceeding forecasts by 20.64%, and EPS of $0.06, falling short of the $0.13 estimate by 53.85%. According to Mizuho’s estimate, Sunrun Inc. (NASDAQ:RUN) also made about $108 million in cash during the quarter despite having a lower net margin.

Mizuho noted that Sunrun’s safe harbor data supports potential customer growth of as much as twofold over the next four years, which is consistent with the company’s growth projections.

Sunrun Inc. (NASDAQ:RUN) is a leading provider of residential solar and battery storage, offering clean energy solutions to homeowners with a focus on subscription services that require little to no upfront cost. In addition to managing energy services that can help households and the electrical grid, the company designs, installs, and maintains solar panels and storage systems.

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Disclosure: None. This article is originally published at Insider Monkey.