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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