Truist cuts solar stock targets after 'painful start' to 2022

Sutad Watthanakul | EyeEm | Getty Images

The Invesco solar exchange-traded fund is already down more than 16% this year after a punishing 2021, and Truist believes headwinds remain for the group.

The firm cut its price targets across the board on solar stocks Monday, including on Sunrun.

Solar stocks have come under pressure recently, thanks to some sector-specific hurdles, as well as a larger market trend of investors rotating out of growth stocks and into value names.

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