RE:I thought it was safe stockinvestors selling mutual funds, institutions redeeming etfs and margin calls
means
selling pressure overwhelms buying pressure
No stock is safe.
If you like the company and have plenty of cash on the sidelines, then buy a few shares.
Other power companies were also hit very hard today
Northland Power: -12.7% @ 20.67; previous low was 23.16
Algonquin Power: -14.4% @ 13.03; last week low was 15.41
Canadian Utilities: -10.7% @ 25.55; last week low was 26.57
Emera: -11.5% @ 42.57; last week low was 44.98
Transalta: -11.0%