How Have The Company's Key Segments Performed & What's The Outlook For Q2?
Key Driver 1
North America Residential Revenues:
Residential revenues declined sequentially to $167 million over Q1 2019 due to seasonality.We expect the metric to grow to about $175 million, driven by demand for new A-Series panels.
Key Driver 2
North America Commercial Revenues:
Commercial revenues declined by ~50% sequentially over Q1, on account of seasonality.We expect revenues to grow over Q2, driven partly by the launch of new P-19 panels.
Key Driver 3
SunPower Technologies Revenues:This segment includes sales to commercial and residential end-customers outside of North America and global power plant sales.
Revenues fell by about 17% year-over-year in Q1 to $230 million.However, we expect sales to rise to close to $250 million in Q2, driven partly by stronger sales in Europe.