After an emphatic run in the past decade, several growth stocks have lost momentum in 2022, as investors are worried about rising inflation rates and the threat of multiple interest rate hikes. These include clean energy companies such as SunRun (RUN) and SunPower (SPWR), which are down 76% and 71% from all-time highs, respectively.
Despite the pullback, SunRun and SunPower have returned 276% and 245% to investors in the last five years, compared to the S&P 500 gains of 106%. However, the long-term prospects for the two companies remain solid given the worldwide shift towards clean energy solutions.
