Capital expenditures in 2016 were guided in the range of US$210 million to US$240 million and deployed module production in the range of 1.7GW to 2.0GW.

solar pv mounting system for ground installation

Updates from SunPower’s annual analyst day

Thomas Werner, CEO noted that the P Series modules would play a role in increasing its project business in China as well as further expected growth of its C7 technology already reaching 400MW of product in projects under construction in the worlds largest downstream market.

Major PV energy provider SunPower has provided updated guidance for 2016 ahead of its annual analyst day event.

SunPower guided non-GAAP revenue for 2016 of US$3.3 billion to US$3.5 billion, up from recently revised 2015 guidance of non-GAAP revenue of US$2.50 billion to US$2.55 billion

The company expects EBITDA of US$515 million to US$565 million in 2016, up from EBITDA of US$300 million to US$325 million guided for the full-year 2015.

However, gross margins are being guided significantly lower than market expectations. SunPower guided non-GAAP gross margin in 2016 of 13% to 15%, compared to 23% to 24% for the full-year 2015.

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