Why Sunrun Stock Plunged Today
Shares of Sunrun (NASDAQ: RUN) sank on Tuesday after a regulatory proposal threatened to slow the solar industry's growth.
As of 3:25 p.m. ET, Sunrun's stock price was down more than 13%.
A draft of proposed changes to California's Net Energy Metering Program could drastically increase costs for consumers and eliminate "tens of thousands of jobs." So says Sunrun co-founder and co-executive chairman Edward Fenster, who lambasted the proposal as political chicanery.
Source Fool.com
