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Sunnova Energy International Inc. (NOVA) Misses Q1 EPS by 12c, Revenues Miss

April 28, 2021 5:20 PM EDT

Sunnova Energy International Inc. (NYSE: NOVA) reported Q1 EPS of ($0.31), $0.12 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $41.28 million versus the consensus estimate of $43.53 million.

"Sunnova's strong first quarter results and continued rapid growth reiterates the power of our business model and capitalization strategy," said William J. (John) Berger, Chief Executive Officer of Sunnova. "Our rapid growth has been made possible through the value of the Sunnova Network, whereby software and services enable aggregation capabilities to create additional value for our customers, dealers and equipment partners.

"Thanks to a solid start to the year, the quick closing of the SunStreet acquisition, and our continued strong customer growth, we are well-positioned for an exciting year ahead."

Mr. Berger added, "At Sunnova, sustainability is not only a core value, but a top priority. From driving innovation in residential solar and storage services to inspiring positive social change in our communities, we are committed to sustainable business practices and to advancing corporate responsibility within the solar industry. To document this commitment, we recently released our inaugural ESG report that reaffirms our commitment to serving all stakeholders. With a local focus and a global vision, Sunnova aims to create a reliable energy future that will transform the world for the better."

For earnings history and earnings-related data on Sunnova Energy International Inc. (NOVA) click here.



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