SunPower's 2014 revenue guidance soft, shares -5.8% AH

SunPower (SPWR) expects Q1 revenue of $650M-$700M and EPS of $0.25-$0.40, above a consensus of $609.7M and $0.23.

However, full-year guidance is for revenue of $2.4B-$2.6B and EPS of $1.00-$1.30. While the latter is in-line with a $1.18 consensus, the former is below a $2.63B consensus.

Q4 production totaled 317MW, up from 313MW in Q3 and a mere 153MW a year ago. Gross margin was 20.4%, +130 bps Q/Q and +170 bps Y/Y.

Q4 results, PR

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