SunPower Corp. is splitting up, creating what it calls in an investor presentation two “independently focused, pure-play solar companies.”
The San Jose company’s stock rose by as much as 15 percent in early trading Monday but was quickly settling in at around a 9 percent jump. It’s up more than 80 percent year to date.
SunPower (NASDAQ: SPWR) plans to spin off its manufacturing operations as a new company called Maxeon Solar Technologies in 2020.
SunPower, which is majority owned by French…