Sunnova Energy International Inc. (NYSE: NOVA) reported Q4 EPS of ($0.96), $0.65 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $38 million versus the consensus estimate of $42.8 million.

"We are incredibly proud of our fourth quarter and full year results as we skillfully navigated the challenges presented by the global pandemic," said William J. (John) Berger, Chief Executive Officer of Sunnova. "Despite an incredibly challenging year, in 2020 we achieved a 57% customer growth rate, saw record levels of demand for our energy storage offerings, expanded our strategic technology partnerships, strengthened our differentiated dealer base, and met our operational and financial targets.”

"As we look ahead to 2021 and beyond, we are excited about the growth and tailwinds our industry is experiencing. Sunnova is well positioned to navigate the current market environment and to lead a decarbonized and decentralized energy transition while providing our customers with a better energy service at a better price."

2021 Guidance

Management increases full-year 2021 guidance for customer additions, Adjusted EBITDA, and Recurring Operating Cash Flow.

• Customer additions increases from 42,000 - 48,000 to 55,000 - 58,000;
• Adjusted EBITDA increases from $77 million - $83 million to $80 million - $85 million;
• Customer principal payments received from solar loans, net of amounts recorded in revenue of $57 million - $63 million reaffirmed;
• Customer interest payments received from solar loans of $28 million - $34 million reaffirmed;
• Adjusted Operating Cash Flow of $20 million - $30 million reaffirmed; and
• Recurring Operating Cash Flow increases from $(15) million - $5 million to $(5) million - $5 million.

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