Sunpower significantly improved revenue and income in H1 2019 yoy
Post date: 01/08/2019 - 16:11
US solar technology and energy services provider Sunpower Corp. achieved revenue of $436 million in the second quarter of 2019, compared with $449 million in the same quarter of last year. Revenue for the first half of the year was $784 million (H1 2018: $840 million). Net income for Q2 was $110 million compared to $-483 million in Q2 2018. In the first half of 2019 the company achieved net income of $5.5 million (H1 2018: $-631 million).
The company continues to expect financial performance to improve on a quarterly basis throughout fiscal year 2019. Guidance for the third quarter 2019 is revenue of $430 million to $470 million, and net loss of $55 million to $35 million. Sunpower estimates to deploy 550 MW to 600 MW.
For the fiscal year 2019 the company expects 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 2.05 GW to 2.25 GW.