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

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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.

 

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