CNBC Pro

Sunrun is a 'bellwether' solar play, Goldman says following earnings

Tim McKibben, left, a senior installer for the solar company, Sunrun, and installer Aaron Newsom install solar panels on the roof of a home in Granada Hills.
Mel Melcon | Los Angeles Times | Getty Images

Sunrun is a "bellwether" solar company and shares should rally in the near-term, Goldman Sachs said in a note to clients Thursday while reiterating its buy rating on the company.

The call comes after Sunrun reported strong earnings on Wednesday after the bell during what's been a difficult time for solar stocks as factors including the chip shortage weigh on the sector.

More In Future of Energy

Goldman Sachs says EV batteries are becoming 'critical' and names 2 stock picks
CNBC ProGoldman Sachs says EV batteries are becoming 'critical' and names 2 stock picks
Here's what the midterm election results could mean for energy ETFs
CNBC ProHere's what the midterm election results could mean for energy ETFs
This under-the-radar energy storage stock can get a 60% boost from Inflation Reduction Act, UBS says
CNBC ProThis under-the-radar energy storage stock can get a 60% boost from Inflation Reduction Act, UBS says