Shares of SunPower Corporation (SPWR) are gaining over 55% on Tuesday morning as meme stocks are surging amid return of trader "Roaring Kitty" to social media.
SPWR is currently trading at $4.3095, up $1.5595 or 56.8021%, on the Nasdaq. The stock opened its trading at $5.0400 after closing Monday at $2.7500. The stock has traded between $1.7700 and $12.1800 in the past 52-week period.
Meanwhile, the Biden administration on Tuesday announced new tariff rates for Chinese imports. The import tax on Chinese solar cells has been doubled from 25% to 50%.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.