Sunrun posted a surprise profit and sees opportunity to gain market share.
Sunrun CEO Mary Powell said the company is having conversations with many of SunPower's former dealers.
"This presents an opportunity for Sunrun to continue our industry leadership and gain share in a financially disciplined and measured way," Powell told analysts on the company's second-quarter earnings call Tuesday.on Monday as the company has struggled for months in the face of high interest rates and allegations of misconduct in its reporting practices. The bankruptcy comes after SunPower halted new leases, installations and product shipments in July.
and also beat Wall Street's revenue expectations. The company introduced cash generation guidance of $350 million to $600 million for 2025.
Guggenheim Solar ETF Breaking News: Markets Energy Markets Sunrun Inc Sunpower Corp Alternative And Sustainable Energy Oil And Gas Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan names its top short ideas including Shake Shack and SunpowerThe firm has a new list of 'structural or tactical short ideas' heading into the second half of the year.
Read more »
SunPower stock collapses to nearly $1 as company halts leases, installations and shipmentsSunPower's stock has fallen more than 40% this week as the company may be nearing its end as an operating business.
Read more »
SunPower stock collapses below $1 as company halts leases, installations and shipmentsSunPower's stock has fallen more than 40% this week as the company may be nearing its end as an operating business.
Read more »
Ford F-150 Lightning Is A Rolling Energy Storage Beast, & Sunrun Is Here For ItSunrun and Ford are running a vehicle-to-home energy storage experiment this summer, leveraging the F-150 Lightning electric pickup truck.
Read more »
SunPower solar business meltdown triggers hundreds of Bay Area layoffsSunPower, a once high-flying pioneer of the solar energy industry, plans to slash hundreds of Bay Area jobs.
Read more »
SunPower files for bankruptcy, to sell some $45 million assets via stalking horse bidSunPower files for bankruptcy, to sell some $45 million assets via stalking horse bid
Read more »