SunPower exceeded its previous guidance for both revenue and shipments in Q2, capitalising on what it said was improving demand for distributed generation.
The company recorded shipments of 464MW in the second quarter, higher than the forecasted 340-400MW amount. That figure was down on the 538MW posted in Q1 and 622MW in the corresponding quarter of 2019.
Q2 GAAP revenue was down 19% year-on-year to US$352.9 million, lower than the US$449.2 million recorded in the previous quarter.
