Sunrun sees market opportunity after SunPower files for bankruptcy, company's shares surge

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.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 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.
Source: CNBC - 🏆 12. / 72 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.
Source: mercnews - 🏆 88. / 68 Read more »