Sunrun in talks with data center developers to supply solar power, shares rally [Yahoo! Finance]
Sunrun Inc. (RUN)
NASDAQ:AMEX Investor Relations:
investors.sunrun.com/investor-overview
Company Research
Source: Yahoo! Finance
Following the report, Sunrun shares surged, currently up more than 6%. The potential collaboration marks a strategic move for Sunrun as it seeks to expand beyond residential energy into the booming data center sector. According to Bloomberg, CEO Mary Powell shared details about the talks at the Dervos 2024 conference, held at the Brooklyn Navy Yard. While Powell kept specifics under wraps due to non-disclosure agreements, she described the company's exploration of "a couple different really cool models" for working with data center developers. The options could include creating bespoke solar power systems in partnership with electric utilities or utilizing existing solar installations in nearby communities to meet data centers' energy needs. “It's just a radical collaboration that has incredible benefits for everyone,” Powell said at the event, according to Bloomberg. The potential partnership highlights the growing demand for sustainable power solutions driven by the rapid
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RUN
News
- Sunrun Announces Appointment of John Trinta to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Sunrun Announces Appointment of John Trinta to its Board of DirectorsGlobeNewswire
- Sunrun Inc. (NASDAQ: RUN) was upgraded by analysts at Glj Research from a "sell" rating to a "hold" rating.MarketBeat
- Increasing losses over three years doesn't faze Sunrun (NASDAQ:RUN) investors as stock increases 4.5% this past week [Yahoo! Finance]Yahoo! Finance
- Sunrun in Talks to Supply Solar to Data Centers, CEO Says [Financial Post (Toronto, Ontario, Canada)]Financial Post
RUN
Earnings
- 8/6/24 - Beat
RUN
Sec Filings
- 10/29/24 - Form 8-K
- 10/18/24 - Form 4
- 10/18/24 - Form 144
- RUN's page on the SEC website