November 5, 2020
SunPower raises guidance after solid Q3 driven by energy storage, new homes and new ways of selling solar
It took a pandemic, but the residential solar and storage industry has finally figured out how to lower customer acquisition costs. SunPower is seeing residential storage attach rates greater than 20% in California. Over the course of this strange year, American residential solar companies such as SunPower, Sunrun, Enphase and Tesla claimed they could weather the Covid storm with remote selling and new online strategies. It turns out they were right. SunPower just topped analyst estimates for third-quarter revenue and upped its guidance for 2020.
