Sunpower decreased revenue and improved net loss

In the fourth quarter of 2018, US solar company Sunpower Corp. achieved revenue of $456.8 million, compared with $651.1 million in Q4 2017. The company improved net loss to $158.2 million from net loss of $572 million in the fourth quarter of 2017.
Regarding the year 2018, Sunpower achieved revenue of $1,726 million, compared to $1,794 million in 2017. Net loss was $811 million, in fiscal year 2017 the company reported net loss of $929 million. Sunpower deployed 1,497 MW in 2018 (2017: 1,380 MW).
In the first quarter fiscal year 2019 the company expects (GAAP) revenue of $290 million to $330 million and targets to deploy 360 to 400 MW. In FY 2019 Sunpower’s guidance is revenue of $1.8 billion to $1.9 billion and 1.9 GW to 2.1 GW to be deployed at the end of the year.
© PHOTON

Related News