Why SunPower's Shares Popped 14.5% Today
Shares of SunPower Corporation (NASDAQ: SPWR) jumped as much as 14.5% in trading Tuesday as solar stocks soared. Shares were still up 12.5% at 3:30 p.m. EDT as the trading day neared a close.
There were no big news items about SunPower, but a few larger trends could be helping the stock. First, the attack on Saudi Arabia's oil production has raised questions about the stability of the world's energy production. Investors may be seeing solar energy, which is growing rapidly in the U.S. and around the world, as a good alternative, pushing the entire industry higher today.
Image source: SunPower.
Source Fool.com
