Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.
Speaker 3: We'll see where some of the stocks on the move
Speaker 3: and how they're trading today. We can do that with
Speaker 3: Judy Leboo. She's a reporter for Bloomberg News, joining us
Speaker 3: live here in studio. Judy, what are you looking at?
Speaker 1: Good morning. I'm looking at sun Run ticker.
Speaker 4: Run shares are rallying as much as thirty one percent
Speaker 4: in trading today and they are on track for the
Speaker 4: biggest jump since last August. And this is coming after
Speaker 4: the company announced an agreement with Tesla to supply power
Speaker 4: to utilities and data centers. And so this is really
Speaker 4: a view in terms of looking outside of residential use
Speaker 4: for solar panels. So those really panel yeah, absolutely solar energy,
Speaker 4: So really interesting movement. They are Clearstreet analysts wrote that
Speaker 4: this deal would create the largest distributed power plant in
Speaker 4: the US by using battery storage and solar generation to
Speaker 4: support power grid supply.
Speaker 1: So really really interesting stuff.
Speaker 4: They called it the most important milestone person runs ability
Speaker 4: to contribute to that cause, So really interesting move.
Speaker 1: On that front.
Speaker 5: Yeah, you're definitely seeing the Elon Musk touch in a Nope,
Speaker 5: even the beach house. No, really, the.
Speaker 1: Look doesn't just like the look. Maybe that's not very economically,
Speaker 1: I mean, environmentally friendly.
Speaker 4: Everything in the world, the earth will need the urge
Speaker 4: to be exist.
Speaker 1: Your house will be there for the house, all right. Yeah,
Speaker 1: so it doesn't it ruin the curb appeal. Judy, what's
Speaker 1: up next?
Speaker 4: You're speaking of vacation herds car rental ticker ht Z
Speaker 4: shares are plunging as much as twenty seven percent in
Speaker 4: inter day trading, and it's on track. In fact, right
Speaker 4: now it is the largest intry dage drop on record,
Speaker 4: and the stock can said its lowest price since April
Speaker 4: twenty twenty five. And this is coming after the company
Speaker 4: warned in a regulatory filing this morning that this corner's
Speaker 4: profit is trending towards the low end of its estimates
Speaker 4: as a result of what they are calling quote unexpected
Speaker 4: softness in the used car market. And so in terms
Speaker 4: of specifics, I found this number to be quite interesting.
Speaker 4: Here they projected an adjusted EBITA at no more than
Speaker 4: eighty million dollars, but comparing it to Bloomberg analysts the
Speaker 4: estimates collectively for Hurts adjusted EBITDA is around ninety four million.
Speaker 4: So right now they're telling us and earnings are expected
Speaker 4: to come around in August. The data hasn't been confirmed yet,
Speaker 4: but around August. So they're telling us now. They're only
Speaker 4: investors now rather that this is what's going on, so
Speaker 4: they can't gold.
Speaker 3: Member, I am too, I am So you just walk
Speaker 3: onto the lot, Yeah, just pick a car.
Speaker 1: You don't have to talk to anyone, you have to
Speaker 1: talk to anybody. We both appreciate it. It's a brilliant
Speaker 1: experience I've had. I've had it. It's great, just smooth.
Speaker 5: So the idea here is that they can't off the
Speaker 5: fleet as profitably as they once were if there's softness
Speaker 5: in the used car market. I guess that's part of it.
Speaker 5: That's right, all right? Last stock on your list?
Speaker 4: Sure, And big news today for Wendy's ticker w e N.
Speaker 4: The shares of Wendy's are soaring. In fact, I'm currently
Speaker 4: the shares are trading as around twenty six percent up
Speaker 4: on the day, but they have been trading as high
Speaker 4: as forty two percent of a of a climb there
Speaker 4: so it is on track for the largest inter day
Speaker 4: climb in over six years. Trading actually was halted earlier
Speaker 4: this morning, but has since resumed.
Speaker 1: I believe it resumed at nine forty nine easter in
Speaker 1: this morning.
Speaker 4: And the reason is really just it's a meme stock
Speaker 4: reddits Wall Street bets. The subreddit implored its members to
Speaker 4: quote save Wendy's before it's too late. The sock is
Speaker 4: also at the top of the trending page on stock twits.
Speaker 4: So just a lot of noise, not noise, but a
Speaker 4: lot of energy around the meme sock.
Speaker 1: This more frosty slushy. All right, so we'll go.
Speaker 3: I'll get the baconator rosty slushy.
Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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