SunPower reduces 2023 guidance and expects 70,000-80,000 residential customers. Illustration by SunPower.
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 163% quarterly growth in SunVault battery storage sales.
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