SunPower Stock Jumped 105%, Leading Residential Solar Energy Stocks
SunPower(SPWR) The Motley Fool·2024-05-15 05:05
A short squeeze has hit the residential solar industry.Solar energy stocks had an incredible day on Tuesday with SunPower (SPWR 59.64%) jumping as much as 105% in trading before closing up 61.6% on the day. Call it meme trading or a short squeeze, but shares were up huge on almost no news for the industry.SunPower wasn't the only solar stock moving today. Sunnova Energy International (NOVA 27.51%) was up as much as 32.8% and closed the day up 27.8%, while Sunrun (RUN 6.51%) rose 15.5% before closing up 6.5% ...