WEBVTT - Sunrun Rises, Hertz Tumbles, Wendy's Soars as Post Rallies Memers Around Burger Chain

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 3>We'll see where some of the stocks on the move

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<v Speaker 3>and how they're trading today. We can do that with

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<v Speaker 3>Judy Leboo. She's a reporter for Bloomberg News, joining us

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<v Speaker 3>live here in studio. Judy, what are you looking at?

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<v Speaker 1>Good morning. I'm looking at sun Run ticker.

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<v Speaker 4>Run shares are rallying as much as thirty one percent

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<v Speaker 4>in trading today and they are on track for the

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<v Speaker 4>biggest jump since last August. And this is coming after

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<v Speaker 4>the company announced an agreement with Tesla to supply power

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<v Speaker 4>to utilities and data centers. And so this is really

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<v Speaker 4>a view in terms of looking outside of residential use

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<v Speaker 4>for solar panels. So those really panel yeah, absolutely solar energy,

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<v Speaker 4>So really interesting movement. They are Clearstreet analysts wrote that

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<v Speaker 4>this deal would create the largest distributed power plant in

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<v Speaker 4>the US by using battery storage and solar generation to

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<v Speaker 4>support power grid supply.

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<v Speaker 1>So really really interesting stuff.

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<v Speaker 4>They called it the most important milestone person runs ability

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<v Speaker 4>to contribute to that cause, So really interesting move.

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<v Speaker 1>On that front.

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<v Speaker 5>Yeah, you're definitely seeing the Elon Musk touch in a Nope,

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<v Speaker 5>even the beach house. No, really, the.

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<v Speaker 1>Look doesn't just like the look. Maybe that's not very economically,

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<v Speaker 1>I mean, environmentally friendly.

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<v Speaker 4>Everything in the world, the earth will need the urge

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<v Speaker 4>to be exist.

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<v Speaker 1>Your house will be there for the house, all right. Yeah,

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<v Speaker 1>so it doesn't it ruin the curb appeal. Judy, what's

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<v Speaker 1>up next?

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<v Speaker 4>You're speaking of vacation herds car rental ticker ht Z

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<v Speaker 4>shares are plunging as much as twenty seven percent in

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<v Speaker 4>inter day trading, and it's on track. In fact, right

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<v Speaker 4>now it is the largest intry dage drop on record,

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<v Speaker 4>and the stock can said its lowest price since April

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<v Speaker 4>twenty twenty five. And this is coming after the company

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<v Speaker 4>warned in a regulatory filing this morning that this corner's

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<v Speaker 4>profit is trending towards the low end of its estimates

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<v Speaker 4>as a result of what they are calling quote unexpected

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<v Speaker 4>softness in the used car market. And so in terms

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<v Speaker 4>of specifics, I found this number to be quite interesting.

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<v Speaker 4>Here they projected an adjusted EBITA at no more than

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<v Speaker 4>eighty million dollars, but comparing it to Bloomberg analysts the

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<v Speaker 4>estimates collectively for Hurts adjusted EBITDA is around ninety four million.

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<v Speaker 4>So right now they're telling us and earnings are expected

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<v Speaker 4>to come around in August. The data hasn't been confirmed yet,

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<v Speaker 4>but around August. So they're telling us now. They're only

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<v Speaker 4>investors now rather that this is what's going on, so

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<v Speaker 4>they can't gold.

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<v Speaker 3>Member, I am too, I am So you just walk

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<v Speaker 3>onto the lot, Yeah, just pick a car.

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<v Speaker 1>You don't have to talk to anyone, you have to

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<v Speaker 1>talk to anybody. We both appreciate it. It's a brilliant

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<v Speaker 1>experience I've had. I've had it. It's great, just smooth.

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<v Speaker 5>So the idea here is that they can't off the

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<v Speaker 5>fleet as profitably as they once were if there's softness

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<v Speaker 5>in the used car market. I guess that's part of it.

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<v Speaker 5>That's right, all right? Last stock on your list?

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<v Speaker 4>Sure, And big news today for Wendy's ticker w e N.

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<v Speaker 4>The shares of Wendy's are soaring. In fact, I'm currently

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<v Speaker 4>the shares are trading as around twenty six percent up

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<v Speaker 4>on the day, but they have been trading as high

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<v Speaker 4>as forty two percent of a of a climb there

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<v Speaker 4>so it is on track for the largest inter day

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<v Speaker 4>climb in over six years. Trading actually was halted earlier

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<v Speaker 4>this morning, but has since resumed.

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<v Speaker 1>I believe it resumed at nine forty nine easter in

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<v Speaker 1>this morning.

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<v Speaker 4>And the reason is really just it's a meme stock

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<v Speaker 4>reddits Wall Street bets. The subreddit implored its members to

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<v Speaker 4>quote save Wendy's before it's too late. The sock is

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<v Speaker 4>also at the top of the trending page on stock twits.

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<v Speaker 4>So just a lot of noise, not noise, but a

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<v Speaker 4>lot of energy around the meme sock.

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<v Speaker 1>This more frosty slushy. All right, so we'll go.

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<v Speaker 3>I'll get the baconator rosty slushy.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio. Check back with us

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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