Solar Power, Inc. Revised Revenue Outlook for the Year Ended December 31, 2011; Provides Sales Outlook for the Year 2012
February 22, 2012 at 06:00 am
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Solar Power, Inc. announced preliminary financial results for the fiscal year ended December 31, 2011. For the year, the company currently anticipates annual revenues of approximately $100 million, exceeding the company's November 2011 business outlook. On November 10, 2011 when the company announced its financial results for the third quarter of fiscal 2011 it had revised its prior business outlook for 2011 net sales from $70 million to approximately $95 million.
Furthermore, based on the company's robust pipeline of projects, the company currently expects net sales for 2012 to double 2011 levels, as the company leverages its identified domestic and international growth opportunities.
SPI Energy Co., Ltd. is a renewable energy company and provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors. The Companyâs segments include Renewable energy solutions and PV stations constructions and operations. The Company develops solar PV projects which are either sold to third party operators or owned and operated by the Company for selling electricity to the grid in multiple countries in Asia, North America and Europe. In Australia, the Company primarily sells solar PV components to retail customers and solar project developers. It is also engaged in roofing and solar energy systems installation and assembling solar modules. The Companyâs subsidiaries include SolarJuice Co., Ltd, Solar Juice Pty Ltd., Solarjuice American Inc., Sloar4america Technology Inc., Italsolar S.r.l., SPI Solar Japan G.K., Solar Power Inc UK Service Limited, SPI Solar Inc., Heliostixio S.A., Heliohrisi S.A., and others.
SPI ENERGY CO., LTD. 
