Shares of SolarCity (SCTY) have tumbled more than 25% Wednesday after the provider of energy services posted earnings results that included weak guidance for the current first quarter.
"Basically, they're saying, 'Listen, there's a lot of different problems, a lot of moving parts. There's a change in net metering in Nevada that was really bad,'" TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
"But what mainly happened is that people are tired of getting blindsided," he said.
A look at the U.S. political landscape might make some people nervous, too, Cramer said.
"This is crony capitalism because the only way these guys make money is on tax credits," he said.
The leading candidates for president might not favor continuing these tax credits, Cramer said, adding that "the political regime that people talk about with a [Donald] Trump presidency, you don't want to be a shareholder of SolarCity."
At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.