(ADPnews) - Nov 22, 2010 - US photovoltaic (PV) equipment maker SunPower Corp (NASDAQ:SPWRA) on Thursday announced its 2011 outlook, expecting next year's performance to top figures for 2010.
The company guides for adjusted earnings per share (EPS) of USD 1.75-2.05 (EUR 1.282-1.502), increasing from the USD 1.45-1.65 for 2010, projected last week.
Revenue is seen to grow to USD 2.65 billion-2.85 billion from the USD 2.15 billion-2.25 billion expected for 2010.
The adjusted gross margin is expected at 20-22%, compared with 22-23% for 2010.
The company added it will close the funding and sale of the last phases of its Montalto solar park by the end of the year to meet its fourth-quarter outlook.
(USD 1.0 = EUR 0.733)
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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.