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This statistic highlights Sunpower’s Revenue Per Megawatt, reported on a quarterly basis from Q2 2018 onwards.
SunPower Corporation sells, installs, and finances solar power products, such as panels, batteries, mounting hardware, and monitoring software headquartered in San Jose, California. The company was founded on 24th April 1985 by Richard Swanson. SunPower grew quickly and went public in 2005, SunPower acquired PowerLight in 2007, doubling the size of the company.
|Period||Q2 2019||Q3 2019||Q4 2019||Q1 2020||Q2 2020|
|Revenue per MW||$516.31||$328.78||$862.69||$488.25||$383.60|
(All figures are in thousands)
Sunpower’s Revenue Per Megawatt declined from $736.22 thousand in Q2 2018 to $383.60 thousand in Q2 2020, marking a fall of 47.9% ($352.62 thousand) on a year-on-year basis. Quarterly, the revenue per Megawatt showed a fall of around 21.43% ($104.65 thousand) as the revenue per megawatt decreased from $488.25 thousand in Q1 2020 to $383.60 thousand in Q2 2020.
In 2019, the company’s revenue per Megawatt witnessed fluctuations. This is evident from the fact that the revenue increased from $402.57 thousand in Q1 2019 to $516.31 thousand in Q2 2019, registering an increase of 28.25% ($113.74 thousand). This was further continued with a decline in the revenue per megawatt amounting to $328.78 thousand in Q3 2019, accounting for a decline of 36.32% ($187.53 thousand). This was followed by a huge growth in the revenue in Q4 2020 amounting to $862.69 thousand, setting a rise of 162.39% ($533.91 thousand). In the next year, the companies revenue witnessed a decline again from $862.69 thousand in Q4 2019 to $488.25 thousand in Q1 2021, projecting a fall of 43.4% ($374.44 thousand).
In 2020, the company’s revenue per megawatt witnessed a negative trend. Thus, the revenue decreased from $488.25 thousand in Q1 2020 to $383.60 thousand in Q2 2021, accounting for a decline of about 21.43% ($104.65 thousand).
On an overall analysis of the past years, it can be concluded that the company witnessed fluctuations in the revenue per Megawatt in all the quarters from 2018 to 2020. However, on a closer look at the statistics, it can be seen that there is a decrease in the revenue from $736.22 thousand in Q2 2018 to $383.60 thousand in Q2 2020, marking a decline of 47.9% ($352.62 thousand).
About the Company
The company is a public company headquartered in San Jose, California. It was founded in 1985 by an electrical engineering professor from Stanford, Richard Swanson. SunPower Corporation offers fully integrated sun, storage, and heating solutions for customers in the United States and Canada. It designs and markets solar power-related products and services. The company’s products are known for being very expensive but are good at producing energy more efficiently than competing products.
In 2008, SunPower started building large-scale solar farms for utility companies PG&E and OptiSolar in San Luis Obispo and Hayward respectively. It also built other large installations, such as at the Kennedy Space Centre and the Bavaria Solarpark in Germany in 2004. The company first started leasing solar panels in 2011 and started a pilot project for battery products around 2014.
The company’s intelligent energy initiatives aim to add more intelligent controls to housing, buildings, and networks. It is a leading leader in US Generation in the United States. Distributed generation (“DG”) and energy service markets that enable customer management in power consumption and power outages are provided by several offers of household owners, companies, governments, schools, and utilities. Distribution channels are operated in both living and commercial markets. End customers operate. SunPower witnessed huge growth and went public in 2005. In 2007, the company acquired PowerLight, doubling the size of the company. It invests in business cultivation to increase customer experience and culture on continuous innovation, product development, and investment.
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