SAN FRANCISCO (AP) _ Sunrun Inc. (RUN) on Tuesday reported third-quarter net income of $29 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the San Francisco-based company said it had profit of 23 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The solar energy products distributor posted revenue of $215.5 million in the period.
Sunrun shares have risen 33% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.49, a rise of 16% in the last 12 months.