Shares of PG&E (PCG) and Edison International (EIX) slumped after California amended legislation to protect wildfire survivors' right to sue utilities for equipment-caused blazes, ABC7 reported Sunday.
Shares of PG&E slumped 18% after midday Monday as intraday trading volume catapulted to over 110.2 million from a daily average of about 22.5 million.
Shares sank 23%, with intraday trading volume soaring to over 15 million from the stock's daily average of roughly 2.8 million.
Exascale Labs (XLAB) has signed a non-binding memorandum of understanding with EnergyBank to potentially develop and commercialize artificial intelligence computing powered by floating offshore wind and long-duration energy storage, the company said Monday. Financial terms were not disclosed.
Shares declined 19%, with intraday trading volume at over 263,000, versus a daily average of about 5.7 million.
Price: 13.54, Change: -3.06, Percent Change: -18.43