NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Emeren Group Ltd (SOL) on Tuesday reported second-quarter net income of $392,000.
On a per-share basis, the Norwalk, Connecticut-based company said it had net income of 1 cent.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The solar energy company posted revenue of $30.1 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $21.1 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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