Sharp creates world record Tandem PV cell
Sharp has set a new record with a 33.66% efficiency in tandem solar cells. The innovative double-step junction design has replaced the previous triple-junction cell, resulting in significant cost reductions. Sharp’s focus extends to the creation of modules for electric vehicles, mobile devices, and aerospace applications. This ground-breaking achievement will be revealed at the SHARP…
SunPower’s financial accuracy under scrutiny
SunPower faces class action lawsuits for allegedly misleading investors about misreported cost metrics. The company admitted to internal financial control issues and potential $16-20 million overstatement of consignment inventory, planning a restatement for fiscal 2022 and H1 2023. It is negotiating with Bank of America for upcoming financial restatements.
SunPower reports earnings loss this quarter
SunPower reports earnings loss this quarter SunPower’s Q3 2023 revenue is $432 million, which is down 9% year-over-year, and the gross margin has decreased from 22.4% to 15.5%. They gained 18,800 new customers in Q3 and are expecting a total of 18,400 retrofit and 38,000 New Homes customers in Q4. The company achieved an impressive…
