Why SunPower's Shares Popped 22.9% Today

Shares of residential solar installer SunPower (NASDAQ: SPWR) jumped as much as 22.9% in trading on Tuesday as the entire solar industry rallied. Shares are still up 21.3% at 2:30 p.m. ET. 

The solar industry move today was driven in large part by Russia's invasion of Ukraine and the fallout for the energy industry. Today, Shell announced that it would stop buying Russian oil after making a purchase last week and the U.S. banned Russian oil imports. 

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Source Fool.com