Why SunPower's Shares Jumped 17.6% on Monday

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. 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.