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.

SunPower noted that 2016 financial guidance reflected the impact of planned project sales to 8point3 Energy Partners. On a non-GAAP basis, the company expects gross margin from these project sales to be partially deferred beyond 2016.

On a GAAP basis, the company expects revenue and gross margin from the sale of these projects to be deferred beyond 2016.

1 megawatt solar system

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

1 megawatt solar system

The largest polysilicon and solar wafer producer GCL-Poly Energy Holdings has reported both its polysilicon and wafer operations were at full capacity in the third quarter of 2015.

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