SunPower's Q2 Loss


Solar cell and panel maker SunPower released its second quarter earnings this morning, reporting a net loss of $5.3 million, regardless of a boost in revenues to $173.8 million. The previous year’s revenues were $54.7 million — that’s pretty good growth.

The company has been spending to grow, so higher costs aren’t too surprising. SunPower bought power system provider PowerLight last year, and plans to open another fab facility in 2009. Excluding various costs, SunPower’s earnings for the quarter were $19.8 million.

Yesterday the company also announced that it has signed a 10-year, 2GW silicon supply agreement with Hemlock Semiconductor Corporation.

SunPower is forecasting a similar third quarter with revenue of $205 million to $215 million, and for the full year 2007: $730 million to $750 million.

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