Why Sunrun Stock Dropped 16.5% in August
August was another month of declines for the stock of home solar system provider Sunrun (NASDAQ: RUN). Shares fell 16.5% over the course of the month, according to data provided by S&P Global Market Intelligence. That adds to declines in the stock's performance for 2021, as shares are down almost 35% year to date.
Sunrun wasn't the only stock in the solar sector to drop last month. Shares of competitor SunPower also dropped 13% in August. Sunrun reported megawatt capacity deployed grew 138% over its pandemic-impacted 2020 second quarter, but also more than 80% compared to the same period in 2019. But Sunrun's stock isn't tracking its business performance, offering investors with some risk tolerance an opportunity.
Source Fool.com
