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Why SunPower's Shares Jumped 56.9% in 2019

TheMotleyFool

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Why SunPower's Shares Jumped 56.9% in 2019

Shares of SunPower Corporation (NASDAQ: SPWR) jumped 56.9% in 2019, according to data provided by S&P Global Market Intelligence, as financial conditions improved and the company announced a restructuring.

There was a steady improvement in SunPower's financial condition in 2019, which you can see below. Gross margin improved as the company saw more demand in residential and commercial solar. But that wasn't enough to report a profit.