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Why Sunrun Stock Plunged Today

TheMotleyFool

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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

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