01:03 PM EDT, 09/19/2024 (MT Newswires) -- Sunrun ( RUN ) shares dropped after the company said late Wednesday that it was ending its sales partnership with Costco Wholesale ( COST ) due to an inability to agree on terms, Bloomberg reported Thursday.

Sunrun ( RUN ) said Costco was dissatisfied with its subscription model, which yields less upfront revenue under standard accounting models, Bloomberg said, adding that the partnership, which has lasted over a decade, will end by year-end.

The residential solar provider said the change won't significantly affect its sales volume or cash flow projections, as Costco accounted for less than 10% of its sales in the first half of the year, the report said.

Costco didn't immediately respond to Bloomberg's comment requests.

Sunrun ( RUN ) shares were 4% lower in recent trading.

Neither Sunrun ( RUN ) nor Costco immediately responded to comment requests by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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