SunPower Reports Second Quarter 2020 Results

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Go back to SunPower Reports Second Quarter 2020 Results

SunPower (SPWR) Tops Q2 EPS by 17c, Revenues Beat

August 5, 2020 4:39 PM EDT

SunPower (NASDAQ: SPWR) reported Q2 EPS of ($0.22), $0.17 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $352.9 million versus the consensus estimate of $310.05 million.

Second Quarter 2020 Results"We were pleased with our second quarter performance as strong execution enabled us to exceed our guidance, generate close to $30 million in positive cash flow and launch new products despite the Covid-19 virus disruption," said Tom Werner, SunPower CEO and chairman of the board. "Overall, we saw improving trends in our global DG business throughout the quarter with particular strength in our... More