Why Sunrun Stock Dropped in 2021's First Half
Shares of home solar system provider Sunrun (NASDAQ: RUN) have been negatively impacted by two related headwinds so far in 2021, and the stock hasn't recovered. Through June 30, Sunrun shares were down 19.6% for the year, according to data provided by S&P Global Market Intelligence. Other solar stocks have bounced back, but investors potentially see an added risk with Sunrun.
As the calendar turned to 2021, investors turned their attention to how the economic recovery would manifest, and what role inflation might play. The market reacted with a rotation away from high-growth stocks, which had been soaring, and into cyclical stocks as a way to play an expected increase in inflation. Sunrun was on the wrong side of that change, and the stock hasn't bounced back from the decline.
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Source Fool.com
