Investing

Goldman Sachs Has 5 Solar Stocks to Buy Now With 40% to Over 100% Upside Potential

Sunnova

This is not only a very solid idea but another of the top stocks to buy in the sector. Sunnova Energy International Inc. (NYSE: NOVA) provides residential solar and energy storage services in the United States.

The company offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization and diagnostics services. It operates a fleet of residential solar energy systems with a generation capacity of approximately 790 megawatts serving approximately 107,000 customers.

The company announced this week the expansion of its strategic partnership with Generac. This will allow Sunnova to add Generac’s newly updated technology to its current suite of offerings, which will include energy storage units and, for the first time, standby home generators, microinverters and load managers, which will provide Sunnova with an option for a single equipment provider for the energy-independent Sunnova Adaptive Home.

Goldman Sachs lowered its price target on Sunnova Energy stock from $41 to $31. The consensus target is up at $49. With the shares closing at $20.02 on Tuesday, hitting the Goldman Sachs target would be a gain of over 50%.

Sunrun

The Goldman Sachs team has remained positive on this top stock for years. Sunrun Inc. (NASDAQ: RUN) designs, develops, installs, sells, owns and maintains residential solar energy systems in the United States. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers. In addition, the company offers battery storage, along with solar energy systems. Its primary customers are residential homeowners.

Sunrun markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing and referral channels, as well as its partner network.

Goldman Sachs slashed its $53 price target to $37, which compares to the much higher consensus figure of $61.27. The closing share price on Tuesday was $26.01. Hitting the firm’s Sunrun stock target would be a very solid 40% increase.


These top stocks have been murdered over the past year. While the acceptance of solar power continues to grow, in many areas it is not a feasible alternative without expensive storage capability. With that noted, all these stocks now offer very compelling entry points with limited downside. With the Democrats firmly in power, at least for now, the focus on clean energy will remain at the forefront, and these top stocks are the way to play that compelling potential.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.