Why SunPower's Shares Jumped 17.6% on Monday
Shares of SunPower (NASDAQ: SPWR) jumped as much as 17.6% in trading Monday as renewable energy stocks had another outstanding day. Shares held most of their gains throughout the day and closed up 14.8% for the day.
The macro news is that Democratic presidential nominee Joe Biden's projected odds of winning the presidency went up over the weekend as new polls show his lead widening. Biden is seen as much more friendly to renewable energy than President Donald Trump, and could drive policy changes that boost growth for the industry.
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Source Fool.com
