MAXN is making big moves today. Find out why the stock is trading 25% higher:

Maxeon Solar Technologies Ltd (MAXN) is trading 25% higher at $14.165 today. Reports indicate that Senate Majority Leader Chuck Schumer and Sen. Joe Manchin have reached a deal on an ambitious climate spending package. This news has caused investors to respond positively, with stock prices in the alternative energy sector increasing as a result.

Maxeon Solar Technologies Ltd has been trading between a 52-week high of $25.39 and a 52-week low of $7.48. The stock has a market cap of $632 Million.

Maxeon Solar Technologies, Ltd. is Powering Positive Change™. Headquartered in Singapore, Maxeon designs, manufactures and sells SunPower® brand solar panels in more than 100 countries, operating the SunPower brand worldwide except the United States and Canada.