The most common and most likely answer to this crossword clue is the 4 plus 3 letter word MAKE HAY
I've seen this crossword clue in Financial Times
M
A
K
E
H
A
Y
More clues leading to the result MAKE HAY
Buddy explains!
The straight part
We know that "do this when it’s sunny" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case do this when it’s sunny = make hay.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.