SAN FRANCISCO (AP) _ Sunrun Inc. (RUN) on Thursday reported fourth-quarter net income of $12.5 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 net income of 10 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The solar energy products distributor posted revenue of $243.9 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $218.4 million.
For the year, the company reported profit of $26.3 million, or 21 cents per share. Revenue was reported as $858.6 million.
Sunrun shares have risen 47% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.27, an increase of 30% in the last 12 months.