2024-02-04 20:44:51 ET
Summary
- By diversifying into areas outside of rooftop solar, Sunrun can improve margins, increase its addressable market, and reduce reliance on a volatile rooftop solar market.
- While Sunrun's transition towards home energy solutions is promising, the company is still operating a flawed rooftop solar business model.
- Sunrun faces tough competition from utility-scale solar companies, home energy solutions companies, and other rooftop solar companies.
I had previously written about how Sunrun's ( RUN ) shaky business model was likely to cause major issues for the company. Since then, Sunrun's stock price has lost approximately 70% of its value, reaffirming my belief that its original business model was flawed. However, Sunrun now appears to be employing a more comprehensive approach by expanding its business into battery storage solutions and expanded services. The company's more holistic approach could bode well for its future....
Read the full article on Seeking Alpha
For further details see:
Sunrun: Business Model Remains Flawed