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Why Solar Stocks Were Crushed on Monday

TheMotleyFool

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Shares of solar stocks were pummeled in trading Monday, as the solar industry got bad news from the White House. Shares of Sunrun (NASDAQ: RUN) were down as much as 11.3%, SunPower (NASDAQ: SPWR) fell as much as 11.1%, and Canadian Solar (NASDAQ: CSIQ) fell 11% at its low point. The three stocks were down 10.4%, 6.3%, and 8.3%, respectively, at 3:20 p.m. EDT.

Renewable energy stocks were down as a whole and as industry leaders, so it's no surprise Sunrun, SunPower, and Canadian Solar were hurt most. Let's get into why renewable energy is down today.

Image source: Getty Images.

Source Fool.com

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