A contractor carries a SunRun solar panel on the roof of a home in San Jose, California, U.S., on Monday, Feb. 7, 2022.
Sunrun stock jumped 11% on Wednesday as the rooftop solar installer sees an opportunity to snag market share after competitor SunPower filed for bankruptcy this week.
"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.
Sunrun has hired two former SunPower executives, Matt Brost and Ellen Struck, to lead the company's new homes business.
Sunrun's stock is up about 50% over the past month, though shares are down about 6.7% so far this year.
Persons:
SunPower, Mary Powell, Powell, Sunrun, Matt Brost, Ellen, Goldman Sachs, Brian Lee
Organizations:
Wall
Locations:
San Jose , California, U.S