Feb 15 (Reuters) - SunPower Corp’s quarterly loss widened, as the No. 2 U.S. solar panel maker took a bigger restructuring charge.
The company’s net loss attributable to shareholders widened to $275.1 million, or $1.99 per share, in the fourth quarter ended Jan. 1, from $40.5 million, or 29 cents per share, a year earlier.
SunPower said it recorded a $175.8 million charge related to restructuring expenses in the latest quarter, compared with $31.2 million a year earlier.
The company, majority owned by French energy giant Total SA , said revenue jumped 40.5 percent to $1.02 billion.
SunPower said in December it would lay off 25 percent of its workforce and close a plant as it cuts costs to counter the slump in prices. (Reporting by Arathy S Nair in Bengaluru; Editing by Maju Samuel)