Shares of Sunrun (RUN) fell to their lowest level since April 2020 in intraday trading on Wednesday before paring back some losses after a Truist Securities analyst warned high interest rates will continue to hurt residential solar panel installers.

Truist's Jordan Levy downgraded Sunrun as well as Sunnova Energy (NOVA) to "Hold" fr♓om "Buy⛎," and cut the price target of each.

Levy noted that so-called 澳洲幸运5官方开奖结果体彩网:sustainability equities experienced a broad-based selloff recently amid investor concerns about borrowing costs staying 澳洲幸运5官方开奖结果体彩网:higher for longer. He said analysts are reevaluating the tradeoff of near-term headwinds versuꩲs l🌠ong-term value creation.

Levy added that investors are paying more attention to steady profitability and margin improvement, which he indicated was di💯fficult in the current economic environment.

He explained that th🌊e rising costs associated with high interest rates could not only reduce customer demand for solar panels, but make it harder for the companies to generate cash. 

Sunrun shares closed 1% lower on Wednesday, while Sunnova shares posted a 2% gain.