Sunpower Beats on Earnings, Misses on Revenues $SPWRA

Sunpower reported their second quarter resultstoday.  Here’s a quick rundown for the high-efficiency solar panelmanufacturer and solar power provider.

SunPower’s Q2 revenueswere $384.2 million, up from last quarter’s $347.3 million andsignificantly more than the the $299.3 million in Q2 2009.  Gross margin has also improved over last quarter and last year to 22.9 percent. (All figures GAAP unless otherwise noted).  Net loss for the quarter was $6.2 million.

Second quarter highlights included theannouncement of a world record 24.2 percent efficiency solar cell and  a joint venture with AUO to operate the 1.4-gigawatt Fab 3 facility inMalaysia, which will begin solar cell production in the fourth quarterof this year.

Continue Reading at Greentech Media





GO TO

ARE YOU A HOMEOWNER?

When you complete SolarFeeds’ Free Solar Quote form, you are agreeing to our Privacy Policy and authorizing up to 3 of SolarFeeds’ preferred solar integrators to call or email you (even if your telephone number is currently listed on a state, federal, or corporate "Do Not Call" list).
Top