Why Solar Stocks Were Crushed on Monday

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.

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Source Fool.com