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