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Column: Hertz symbolizes everything that’s wrong with American corporations

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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.” It “represents California politics at its worst and loses sight of what constituents want — innovation, control, and fast solutions — in favor of propping up failed and stodgy incumbents,” Fenster said in a press release.

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