SunPower Earnings Preview: Utility-Scale And Distributed Generation Projects In Focus

The company has guided non-GAAP revenues of between $600 million to $650 million and expects to recognize sales of between 325 megawatts and 360 MW of capacity. Adjusted gross margins are projected to come in at between 17% and 19%. During the second quarter, revenues fell by around 12% year-over-year to about $508 million, while adjusted net income fell by around 30% to about $44 million.