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Sunvalley Solar Q1 loss widens YOY

Sunvalley Solar Inc. said its first-quarter normalized net income amounted to a loss of $518,340, compared with a loss of $21,390 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to a loss of $829,760, or a loss of 19 cents per share, compared to a loss of $34,230, or a loss of 1 cents per share, in the year-earlier period.