Why Sunrun Inc.'s Shares Popped 12% Today
Shares of residential solar installer Sunrun Inc. (NASDAQ: RUN) jumped as much as 12.1% in trading Thursday, after the company announced a new marketing agreement with Comcast (NASDAQ: CMCSA). The 40-month agreement will make Sunrun the exclusive solar installer for Comcast cable, which the company hopes will be a big sales generator. Shares were still up 7.9% at 2:55 p.m. EDT.
Comcast will fold the solar offering into its Xfinity Home product, which is a security and home automation product. After a one-year pilot program, the two companies found it was worthwhile to expand the partnership.
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Source: Fool.com
Comcast Corp. Stock
€21.79
1.680%
The stock is one of the favorites of our community with 31 Buy predictions and 4 Sell predictions.
As a result the target price of 30 € shows a positive potential of 37.71% compared to the current price of 21.79 € for Comcast Corp..
