STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Emeren Group Ltd (SOL) on Thursday reported a loss of $4.4 million in its first quarter.
The Stamford, Connecticut-based company said it had a loss of 8 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The solar energy company posted revenue of $14.8 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $18.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SOL at https://www.zacks.com/ap/SOL
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