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SunPower increases revenue 2.9% in transformational year

February 18, 2021

US solar installer SunPower reported a 2.9% increase in annual revenue in 2020 despite total installations falling 5% in what the company has described as a transformational year.

In a year which saw it complete the spin off of its manufacturing division, now dubbed Maxeon Technologies, SunPower reported total annual revenue of US$1,124 million in 2020, up 2.9% from revenue of US$1,092 million in 2019.

Annual revenue from its key market segment of Residential & Light Commercial and Industrial stood at US$824 million, compared to US$853 million in 2019, down 3.5%, year-on-year.

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