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
€36.57
3.700%
We see a rather positive sentiment for Comcast Corp. with 20 Buy predictions and 1 Sell predictions.
As a result the target price of 45 € shows a positive potential of 23.05% compared to the current price of 36.57 € for Comcast Corp..
