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Sunrun vs. ReneSola: Which Solar Stock is a Better Buy?


Sunrun vs. ReneSola: Which Solar Stock is a Better Buy?

SunRun (RUN) and ReneSola (SOL) are both popular solar stocks that have experienced declines in 2021. This could be a good opportunity for long-term investors to scoop up shares. But which stock is the better buy?.The renewable energy industry is expected to see accelerating growth in the coming years, primarily due to government incentives and tax rebates to install solar panels and concerns for climate change. According to Allied Market Research, the global solar energy market is expected to reach $223.3 billion, growing at a CAGR of 20.5% over the next five years.

However, the renewable energy industry presently faces supply chain issues, which significantly increase the cost of solar panels. This cost increase is driven by skyrocketing shipping prices and increasing prices of solar panel components. As a result, Invesco Solar Portfolio ETF (TAN) has tumbled 18.6% year-to-date, underperforming the whole market. Consequently, long-term investors can scoop up shares of solar stocks at a solid 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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