SunPower the first quarter of 2.5 million U.S. dollars deficit

U.S. solar maker SunPower Corp. (SPWRA-US) the impact of the global financial crisis because of solar panel sales, declining market demand, reported fiscal first quarter of this year showing a loss. Q1 net loss amounted to 2.5 million U.S. dollars, or 6 cents per share, compared with the same period last year net profit performance of 14.7 million U.S. dollars, 15 cents per share.

Revenue from the same period last year 274 million U.S. dollars to 214 million U.S. dollars recession. Lower than the average analyst forecast of 257.7 million U.S. dollars. CEO Tom Werner said: "The first quarter of 2009 since the company listed in 2005 so far, the most challenging quarter."

SunPower said in March, as the world's largest solar market in Germany, the recent snowfall continued, and the other United States financial markets and weak consumer confidence and other factors, first quarter earnings and revenue decline that may arise.

Source: www.windosi.com Apr. 24, 2009