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1 Growth Stock Down 84% to Buy Right Now

Travis Hoium, The Motley Fool
·3-min read
1 Growth Stock Down 84% to Buy Right Now

Shares of residential solar company SunPower (NASDAQ: SPWR) have fallen 84% from their early-2021 high as investors sell both growth stocks and companies that benefit from low interest rates. It hasn't helped that the company is in energy, which fared well over that time because solar energy stocks trade more like growth stocks. As part of the Inflation Reduction Act (IRA) passed in 2022, there were a number of solar incentives, including increased tax incentives for residential solar installations.

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