SunPower Q4 loss widens to $144.8m

SunPower reported a wider fourth quarter net loss to $144.8m, or $1.22 pershare, on restructuring charges, higher operating expenses and lower photovoltaic panel prices, as revenue rose from a year earlier.

8 February 2013 3:42 GMT Updated 8 February 2013 8:53 GMT

By Richard A. Kessler

Net loss in fourth quarter 2011 was $93m, or $0.94 per share. Fourth quarter revenue was $678.5m versus $625.3m a year earlier.

SunPower, majority-owned by French oil giant Total, manufactured 153MW of panels during the period, down from 261MW a year ago. Output also slid from227MW in the third quarter.

"We exited 2012 with strong fourth-quarter results as we benefitted from our diversified downstream channel strategy, solid execution on our cost roadmap and increased customer demand for our high efficiency, industry leading technology," says Tom Werner, SunPower president and CEO.

For

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Americas Solar

SunPower Q4 loss widens to $144.8m