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SunPower’s Q1 Loss Widens to $51 Million on Higher Expenses

Revenue rose by 26% year-on-year to $440.9 million

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Distributed generation storage and energy services company SunPower Corporation’s net loss widened to $51 million for the first quarter (Q1) of the financial year (FY) 2023 against the loss of $2 million year-on-year (YoY), primarily due to higher cost of revenue and operational expenses.

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