Why SunPower Stock Jumped 12.9% Today

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. 

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Source Fool.com