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Which Solar Stock is a Better Buy? -Breaking

by Mike Robinson

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© Reuters. Sunrun or ReneSola? Which solar stock is better to buy?

ReneSola (SOL), and SunRun, (RUN), are two popular solar stocks which have both experienced declines by 2021. Shares could become a lucrative investment for investors who are looking to invest long term. Which stock should you buy? The renewable energy sector is likely to experience rapid growth due to tax rebates and government incentives to put solar panels on the roof. According to Allied Market Research the market for solar energy worldwide will reach $223.3 billion by 2020, and it is projected to grow at a 20.5% annual rate over the next five year.

However, supply chain challenges in renewable energy are increasing the costs of solar panels. Skyrocketing shipping and higher prices for components of solar panels are driving this price increase. Invesco Solar Portfolio ETF TAN (TAN), which has fallen 18.6% over the last year, is underperforming other markets. Long-term investors have the opportunity to buy shares in solar stocks at an attractive discount.

Keeping that in mind, I’ll analyze and compare two solar stocks: SunRun Inc. (RUN) and ReneSola Ltd (SOL), to see which is a better investment.

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