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Why SunPower Stock Jumped 12.9% Today

TheMotleyFool

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Shares of solar energy stock SunPower (NASDAQ: SPWR) jumped as much as 12.9% in trading on Monday morning as energy stocks overall rose. Shares are up 12.6% at noon EDT and have been moving higher all morning.

The broad news in the market is that energy stocks are up sharply today. Oil is up 2.4% as I'm writing, in part because Merck is seeking authorization for a COVID-19 treatment, which could help fuel an economic recovery.

Image source: Getty Images.

Source Fool.com

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