Truist Securities analyst Jordan Levy downgrades shares of both Sunrun and Sunnova to Hold from Buy.
Shares of Sunrun and Sunnova Energy International were falling Wednesday after an analyst said a prolonged period of higher interest rates will continue to be a headwind for residential solar installers.
Shares of Sunrun were down 3.8% to $10.26 in premarket trading Wednesday, while Sunnova fell 3.3% to $9.10.
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