Pattern Energy: 3Q Earnings Snapshot
SAN FRANCISCO (AP) _ Pattern Energy Group Inc. (PEGI) on Monday reported a loss of $51 million in its third quarter.
The San Francisco-based company said it had a loss of 53 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The wind power producer posted revenue of $119 million in the period.
Pattern Energy shares have climbed 49% since the beginning of the year. The stock has increased 50% in the last 12 months.