A new idea from Sunrun on ways to generate highly sought-after computing power could drive major gains for the solar stock, according to Wells Fargo. The home solar panel and battery company wants to turn your house into a miniature data center by connecting artificial intelligence computing nodes to its network of solar panels and battery units. Plus, they’re going to compensate households for participating. With this, Wells Fargo analyst Praneeth Satish thinks shares could skyrocket from current levels. He has an overweight rating on Sunrun and a price target of $22, implying upside of 83% from Wednesday’s close. “The opportunity could be massive,” Satish wrote Wednesday in a note to clients. “While we recognize it’s early and there are still a lot of unknowns, we believe the total addressable market for Sunrun could be significant.” RUN 6M mountain RUN over past six months. The distributed computing nodes will be designed for inference – individual prompt responses, as distinct from the underlying model training, that are becoming a bigger part of overall AI computing demand. “AI compute revenue potential dwarfs other battery uses,” Satish wrote, estimating more than $4 per kilowatt-hour, compared to other uses that fall well below $1. Sunrun said that compensation details for households will be given to customers prior to their enrollment in the program, which will be subject to various legal terms. Wells Fargo estimated that household payments for the program would be in the ballpark of $1,000 annually, in line with other virtual power plant programs offered by domestic energy storage companies.
This solar stock could surge 80% on bold plan to turn your home into an AI data center, says Wells Fargo
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