Sunpower improved financial performance in 2020

US solar technology and energy services provider Sunpower Corp. achieved revenue of $341 million in the fourth quarter of 2020, compared to $401 million in the same period of 2019. Fiscal year 2020's revenue was $1,124 million (2019: $1,092 million). Net income in 2020 was $599 million compared to $206 million in 2019.
In the first quarter of 2021 the company expects revenue of $270 to $330 million and net loss of $20 million to $10 million. For fiscal year 2021 the company expects revenue growth of approximately 35 percent compared to 2020.
© PHOTON

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