Despite being sold out for the year, SunPower still expects to make a net loss on revenue guided at between US$2.6 billion and US$2.7 billion in 2013.
The major PV energy provider said ahead of its 'analyst day' event that it expected to recognise between 1-1.1GW of module sales, close to its 1.2GW nameplate capacity. Total revenue in 2012 was US$2.4 billion.
As efforts continue to lower its cost structure and return to profitability in future years, SunPower noted that it was committed to reducing its operational expenses by a further 10% compared to 2012.
Capital expenditure was expected to be in the range of US$60 million to US$80 million, down from guidance given in its 2012 annual report of between US$70 to US$90 million.
The company also expects to generate free cash flow, including lease financing, in the range of US$100 million to US$200 million.
SunPower guided second quarter GAAP revenue to be in the range of US$540 million to US$590 million, with a gross margin in the range of 13% to 15%. SunPower recently reported first quarter GAAP revenue of US$635.4 million and a GAAP net loss of US$61.9 million.