|Bid||26.06 x 63100|
|Ask||26.17 x 61600|
|Day's Range||24.77 - 25.99|
|52 Week Range||16.64 - 38.80|
|Beta (5Y Monthly)||2.28|
|PE Ratio (TTM)||86.63|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
U.S. residential solar company Sunrun Inc has teamed up with startup Lunar Energy Inc to operate virtual power plants (VPPs) of home solar and storage systems, a step toward transforming its vast customer network into a resource for power grids. Lunar, which is backed by Sunrun and Korean battery maker SK Group, is already operating 12 such systems for the California-based solar company from New England to Hawaii, the company will announce in a blog post on Tuesday. Sunrun has been pursuing VPPs as a means of leveraging the value of its customers' 48,000 home battery systems.
In the latest trading session, Sunrun (RUN) closed at $24.17, marking a -0.37% move from the previous day.
Yahoo Finance anchors Seana Smith, Dave Briggs, and Brook DiPalma discuss shares of Sunrun falling more than 6% on Wednesday after Barclays analyst downgraded the stock to Equal Weight from Overweight and slashed its price target.