Sunpower increased revenue and improved loss in Q3

In the third quarter of 2019, US solar company Sunpower Corp. achieved revenue of $476 million, compared with $428 million in Q3 2018. The company achieved net loss of $15 million compared to net profit of $121 million in Q2 2019 and net loss of $90 million in the third quarter of 2018.
Regarding the first three quarters, net profit was $17 million compared to net loss of $653 million in the same period of 2018.
In the fourth quarter the company expects revenue of $520 million to $720 million and net loss of $28 million to $8 million, and targets to deploy 445 to 645 MW. In the fiscal year 2019, Sunpower estimates revenue of $1.8 billion to $2.0 billion and a net loss of $20 million to $0 million. Gigawatts deployed is expected to be in the range of 2.1 GW to 2.3 GW.

Related News