Why SunPower and Maxeon Solar Stocks Both Popped Today

Why SunPower and Maxeon Solar Stocks Both Popped Today

Today is a big day for solar power, as solar panel installer SunPower (NASDAQ: SPWR) begins its life independent from the division that used to manufacture the solar panels it installs, which is now known as Maxeon Solar Technologies (NASDAQ: MAXNV). At the close on Thursday, shares of SunPower were up almost 24% while Maxeon was up 16.2%. SunPower executed its long-awaited spinoff of Maxeon Solar Technologies this morning.