US based Sunpower Corp., which is majority-owned by France’s Total SA, achieved revenue of $337 million in the second quarter 2017 compared to $420 million in Q2 2016. Net loss increased from $-70 million in Q2 2016 to $-194 million in Q2 2017. According to CEO Tom Werner, the company is expecting to deliver more than 500 MW of projects in the second half of this year. »Strategically, we continue to believe that our restructuring program will enable us to successfully navigate the current market transition while positioning us for improved financial performance.«

Regarding 8point3 Energy Partners LP, a growth-oriented partnership formed by First Solar, Inc. and Sunpower Corporation to own, operate and acquire solar energy generation projects, »our strategic review process is continuing, but we have received significant initial interest in the acquisition of our general partnership stake or in the sale of the entire partnership.« Thus, the company decided »not to actively seek a replacement partner for First Solar and to focus our efforts on the monetization of our ownership stake in the partnership.« Sunpower recently offered its »Boulder Solar 1« project to 8point3 and potentially will offer other Right of First Offer (ROFO) projects as well. In the event the partnership waives its rights to acquire these projects, »we would sell them to third parties. In either case, we expect the sale of these ROFO projects to generate additional cash proceeds to fund our growth initiatives.«

The company is updating its fiscal year 2017 revenue and GW deployed guidance. The company now expects revenue of $1.9 billion to $2.1 billion (formerly $1.8 billion to $2.3 billion) and targets to deploy in the range of 1.3 GW to 1.45 GW (1.3 GW to 1.6 GW). Additionally, the company now expects lower than forecasted restructuring charges which will be in the range of $20 million to $60 million for the year. Sunpower’s third quarter fiscal 2017 guidance is revenue of $300 million to $350 million and net loss of $-120 million to $-100 million.