-- Sunrun Inc. recorded a $1.2 billion charge in the third quarter to write down the value of Vivint Solar, the rival it bought about three years ago, as a slump in rooftop-solar stocks and a short-seller campaign weighs on its share price.Sunrun’s goodwill — which was reduced from $4.3 billion to $3.
More broadly, solar installers have been struggling as higher interest rates make consumers less willing to finance rooftop systems. Sunrun on Wednesday also lowered its projection for 2023 installed capacity to grow 2% to 5%, compared to an earlier range of 10% to 15%.
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