SunPower revenue drop in power plant business
May 5 (Reuters) – SunPower Corp, the No. 2 U.S. solar panel maker, posted a bigger quarterly loss, largely due to a drop in revenue in its power plant business.
The net loss attributable to shareholders widened to $85.4 million, or 62 cents per share, in the first quarter ended April 3, from $9.6 million, or 7 cents per share, a year earlier.
Excluding one-time items, the company lost 30 cents.
The company, majority owned by French energy giant Total SA , said revenue fell to 12.7 percent to $384.9 million.
(Reporting by Vishaka George in Bengaluru; Editing by Sriraj Kalluvila)