SunPower Announces 2011 Guidance

SunPower Corp. (Nasdaq: SPWRA, SPWRB) announced today its financial guidance for its fiscal year 2011, which will discuss during the day, starting with the 2010 Analyst 10: 00 a.m. Eastern time.  Analyst Day presentations are available via webcast in the company’s Investor Relations website at http://investors.sunpowercorp.com/events.cfm clock to 8: 00 Eastern time.

Revenue for the fiscal year 2011, the company’s projects in the region, $ 2.65 $ 2.85 billion with GAAP diluted earnings per share, $ 1.75-$ 2.05.2011 Instructions, additional information may be made available in the company’s webcast Analyst Day presentations and-posted during the event. 


  SunPower also announced today, Allianz Renewable Energy Partners IV Ltd (a wholly owned subsidiary of the Allianz SE) has signed a definitive agreement to acquire the sale and purchase of 100% of the SunPower a wholly owned subsidiary, Orsa Maggiore PV Srl, which owns 15-megawatt (MWp) photovoltaic power plant in the capital of Solare Roma.The power plant is located in the municipality, province of Rome, Anguillara, Lazio, Italy is expected to be completed by 2010. [1] [2] Transaction standard by the end of the closing conditions.  SunPower to build a power plant and the planned and ongoing operations and maintenance services for the new owner. 


SunPower CEO Tom Werner, “signed Allianz Renewable Energy Partners in our 15 MWp Solare Roma Italian plant, for the purposes of sale sale is an important milestone in the final to reach out to our financial targets in 2010,” said.”This agreement is a direct result of our ability to offer customers a reliable, sophisticated financial services for turnkey business power plant built in our bankable technology.We are still confident that we will discuss our financing and sales of solar parks of the final stages of Montalto completed by the end of the year and meet our guidelines in the fourth quarter of 2010. “


This press release is GAAP to GAAP and non-financial information. historical figures are the policy should be reconciled to GAAP financial is set out in the annex to this press release, mainly correspond to the categories. [1] [2] Note that the company has posted additional information, and slides, which are linked to its 2010 Analyst days of events and performances section of the investor relations page from SunPower http://investors.sunpowercorp.com/events.cfm.

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