Connect with us

Hi, what are you looking for?


Clean Power

SunPower Launches New Solar Panel Product Line

Originally published on Solar Love.

Following in the wake of a respectable Q3 financial earnings report, US solar manufacturer SunPower has revealed a new line of solar panels and low-key financial guidance for 2016.

SunPower announced its third quarter earnings late-October, revealing the continuing efforts of its new business focus, that of retaining assets rather than selling them. Specifically, SunPower is gearing up to drop a number of held-assets down to its new yieldco, 8point3 Energy Partners, which has affected the company’s overall revenue and net intake.

Subsequently, and revealed on Thursday, SunPower has forecast moderate fiscal guidance for the financial year-2016. In its Q3 earnings report, SunPower executives predicted 2015 would finish with GAAP revenue between $1.5 billion and $1.55 billion, and a gross margin of between 15% and 16%. Announced on Thursday, SunPower is expecting similar goals for 2016, with GAAP revenue of between $1.2 billion and $1.4 billion, and a gross margin of 16% to 18% — in addition to a net loss of $415 million to $365 million.

As the company revealed in the Fiscal Year 2016 Guidance press release, the company’s “2016 financial guidance reflects the impact of planned project sales to 8point3 Energy Partners.”

The company’s non-GAAP (Generally Accepted Accounting Principals) revenue for 2016 is expected to be in the range of $3.3 billion and $3.5 billion, with a gross margin of 13% to 15%. (To understand more of the intricacies of the difference between GAAP revenue and non-GAAP revenue, especially as it applies to SunPower’s focus on feeding its yieldco 8point3 Energy Partners, Bloomberg’s Chris Martin has a very helpful explanation.)

At the same time, however, SunPower also revealed a new product line of solar panels that it intends to market under the product name “Performance Series.” The new solar panels “utilize a proprietary manufacturing process to assemble conventional silicon solar cells into panels with increased efficiency and reliability compared with conventional panels.”

“Our new line of Performance Series products continue the SunPower tradition of higher efficiency, superior reliability and enhanced aesthetics compared with conventional panels, all in a lower priced product configuration,” said Tom Werner, president and CEO of SunPower. “Together with our best-in-class E-Series and X-Series back-contact panels, we are expanding our product line to offer customers a wider range of product choice and increase our reach to additional markets, further enhancing company growth.”

The technology behind the new Performance Series range is at least partly due to the acquisition earlier this year of Fremont, California-based Cogenra Solar.

“SunPower’s new Performance Series is a powerful combination of Cogenra’s innovative cell interconnect technology, with more than 30 patents issued and pending, together with our extensive solar panel intellectual property, manufacturing experience and scale,” Werner continued. “These new products will provide our customers with up to 15 percent more power than conventional panels with improved reliability and shade tolerance.”

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like

Clean Power

Below, I’ll review our SunPower solar panels that we have on our roof here in Texas, 3+ months since they were first installed on...

Clean Power

Consumer attitudes towards domestic solar energy systems often pose barriers to widespread solar adoption. What can be done to help people understand the local...


Rooftop solar is no longer for the well-to-do, but the income gap persists in home energy storage and that could skew participation in virtual...

Clean Power

As part of my family’s journey to learn more about residential renewable energy, I decided to look into solar panels for our house. We...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.