Sunday, July 04, 2021 4:16:34 AM
Hi Luke,
Came across this SA piece on Sunrun.
https://seekingalpha.com/article/4437140-sunrun-stock-forecast-outlook-is-improving?mail_subject=run-sunrun-stock-forecast-the-outlook-is-improving&utm_campaign=rta-stock-article&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha
This passage caught my attention:
Sunrun is expanding its horizons
Sunrun and Ford Motor Company (F) entered into an agreement on May 19 to provide a seamless installation of 80-amp Ford Charge Station Pro and Home Charging Systems for the all-electric Ford F-150 Lightning truck. The F-150 Lightning, an electric version of Ford's most famous pickup truck, can serve as a backup domestic power source during a power outage as well, providing low-carbon electricity to households. Under this partnership, customers are also offered the opportunity to install a household solar and battery system allowing them to power their homes with clean, affordable energy and charge their F-150 Lightning at the same time. Ryan O'Gorman, Ford's head of energy services, said that the automaker is the first in the United States to offer this additional power supply opportunity for buyers of vehicles.
Commenting on this partnership, Sunrun CEO Lynn Jurich said:
Ford is a trusted brand that's been at the forefront of American innovation for over 100 years, and it is exciting to see them electrifying their most popular truck in company history. We're at the beginning stages of a partnership that can bring energy resilience to millions of Americans across the country.
This partnership could open up new doors for Sunrun in the future as many other electric vehicle manufacturers could look to embrace this strategy to compete with Ford.
I hope SIRC management is looking at partnering with the automotive industry. Solectrac is a nice opportunity but it will be a while before this product (electric tractor) is widely owned.
Similar to their partnership with new home builders, maybe SIRC could partner with some auto dealers in the San Diego area and possibly around the Cornerstone area in South Carolina with an eye to a major regional or national partnership as we continue to grow.
Please pass along to Dave and the team as input from a shareholder.
Thanks,
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