BETHESDA, Md. (AP) _ TerraForm Power Inc. (TERP) on Thursday reported a loss of $26.5 million in its third quarter.
On a per-share basis, the Bethesda, Maryland-based company said it had a loss of 31 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.
The owner of clean power assets posted revenue of $153.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $152.2 million.
TerraForm Power shares have increased 1 percent since the beginning of the year. The stock has risen 11 percent in the last 12 months.