SunPower projects 2016 net loss of up to USD 415m

SeeNews Renewables — US solar major SunPower (NASDAQ:SPWR) on Thursday said it expects to post a GAAP net loss as big as USD 415 million (EUR 387m) on revenues of up to USD 1.4 billion for 2016. SunPower said it expects next year’s capital expenditures to range from USD 210 million to USD 240 million. It also expects to install between 1.7 GW and 2 GW of solar power capacity. The company noted that its projections for next year reflect the impact of planned project sales to 8point3 Energy Partners LP (NASDAQ:CAFD), its yieldco with First Solar Inc (NASDAQ:FSLR). At […]

By Derick Lila November 17, 20150

SeeNews Renewables — US solar major SunPower (NASDAQ:SPWR) on Thursday said it expects to post a GAAP net loss as big as USD 415 million (EUR 387m) on revenues of up to USD 1.4 billion for 2016.

SunPower said it expects next year’s capital expenditures to range from USD 210 million to USD 240 million. It also expects to install between 1.7 GW and 2 GW of solar power capacity.

The company noted that its projections for next year reflect the impact of planned project sales to 8point3 Energy Partners LP (NASDAQ:CAFD), its yieldco with First Solar Inc (NASDAQ:FSLR).

At the end of last month, SunPower updated its guidance for 2015 and now sees a GAAP revenue of USD 1.5 billion to USD 1.55 billion.

SeeNews Renewables
SeeNews Renewables goes beyond the familiar renewable markets of Western Europe and the US to encompass the potential of BRIC counties and emerging investment destinations in North Africa, the Asia Pacific, Central and Eastern Europe. SeeNews Renewables is covering all renewable energy sources: wind, solar, hydropower, biomass, geothermal and marine energy.