May 8, 2018 / 8:12 PM / 13 days ago

SunPower posts smaller first-quarter loss

May 8 (Reuters) - U.S solar company SunPower Corp reported a smaller quarterly loss on Tuesday, on higher demand for solar modules in residential and commercial markets.

The company’s net loss attributable to shareholders narrowed to $115.97 million, or 83 cents per share, in the first quarter ended April 1, from a loss of $219.73 million, or $1.58 per share, a year earlier.

The company, majority owned by French energy giant Total SA , said revenue rose to $391.89 million from $329.10 million. (Reporting by Taenaz Shakir in Bengaluru; Editing by Shounak Dasgupta)

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