Why Shares of Sunrun Sank 33% in October
While shares of Sunrun (NASDAQ: RUN) heated up in September and soared 36%, the stock took a downturn and plunged 33% last month, according to data from S&P Global Market Intelligence. Besides some uninspiring takes on the stock from Wall Street, investors also lost enthusiasm for the stock following an announcement related to tariffs and the solar industry from the White House.
Although Sunrun completed the acquisition of Vivint Solar on Oct. 8, investors' enthusiasm didn't last long as days later, the White House revealed its intent to impose tariffs on imported solar panels and modules from 15% to 18%. In addition, President Trump announced his intent to eliminate the exemption for bifacial solar panels.
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Source Fool.com
