SunPower (SPWR) rose in pre-market trading, up nearly 6 percent. The climb came after Florida Power (FPL) selected the company to construct the largest solar photovoltaic power plant in the U.S.
The stock was up $3.52 just after 8:50 am ET, advancing to $64.75. If pre-market gains hold, the stock will pare Wednesday's losses.
SunPower announced that it has been selected by Florida Power & Light Co. to build a solar photovoltaic power plant in the United States, and a second power plant at the Kennedy Space Center. Florida Power & Light Co. is a subsidiary of FPL Group.
SunPower said that the installation would include a 25-megawatt power plant in DeSoto County, Florida, and a 10-megawatt project at the Kennedy Space Center. SunPower will design and build the facilities and Florida Power & Light will own, operate and maintain the systems.
SunPower noted that the DeSoto plant would be completed in 2009, while the plant at the Kennedy Space Center would be completed in 2010.
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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.