In this clip from "The High Energy Show" on Motley Fool Live, recorded on May 31, Fool.com contributor Travis Hoium discusses why he thinks SunPower (SPWR -3.09%) is the best play in the residential solar space right now.

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Travis Hoium: We need to have a renewable energy or a residential solar company, I think in this list, and the reason that I would pick SunPower today over companies like SolarEdge, Enphase, and even Sunrun is just valuation. I think all of those companies are. Sunrun is basically a similar business model and it's much more expensive than SunPower. I also think SunPower has more growth opportunity arguably, and then the other two they're component companies. I have a lot more questions about the durability, about making a component that goes into a solar installation. Having as much value and profitability as they have had long term, they've proven that they do have a durable business.

But I just a question, paying a really high multiple for that, so I think SunPower sits in a really powerful position as the company that's doing the installations that basically a technology company providing the quoting, providing financing, providing solar panels, not directly but indirectly. They are also doing a partnership now with First Solar, supposedly to make First Solar high-efficiency solar panels next year. Which I think could be really interesting for both of those companies if they can get it right. And First Solar is not a company that announces these things and then doesn't execute, so I think that right now arguably the best play in the residential solar space specifically.