Positive.

From CNBC: 2024-08-07 10:41:34

Sunrun stock soars 14% after competitor SunPower files for bankruptcy. CEO Mary Powell says company is in talks with SunPower’s former dealers, hiring two executives to lead new homes segment. Sunrun surprises with profit in Q2, beats revenue expectations, and offers cash generation guidance of $350M-$600M for 2025.

Goldman Sachs raises Sunrun stock price target by $2 to $20 per share, expecting continued market share gains and strong cash flow. Sunrun’s stock up 55% in past month but down 4% this year. Invesco Solar ETF (TAN) up only about 2% in the past month and down 24% this year.



Read more at CNBC:: Sunrun stock surges, company sees opportunity after SunPower files for bankruptcy