SunPower fell short of its third-quarter guidance and ripped up its outlook for 2017, but perked investors’ ears by announcing plans to begin working much more closely with parent company Total, starting with a major module supply deal.
Citing a blizzard of headwinds, including severely depressed prices for PV panels and weaker-than-expected demand in the US residential solar market, the second largest US-based PV manufacturer told investors on Wednesday that it now expects to swallow a full-year net loss of $295m-$320m – far worse than the $125m-$175m loss it forecast in August.
