Sunnova Reports Second Quarter 2019 Financial Results
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Baird Starts Sunnova (NOVA) at Outperform
August 20, 2019 4:28 AM EDTBaird analyst Ben Kallo initiates coverage on Sunnova (NYSE: NOVA) with a Outperform rating and a price target of $15.00.
The analyst comments "NOVA is a residential solar and energy storage service provider serving ~68k customers across 20+ U.S. states and territories.... More
Sunnova Energy International Inc. (NOVA) Reports Q2 Loss of $7.32 on Revenues of $34.6M; Provides FY19 Guidance
August 19, 2019 4:07 PM EDTSunnova Energy International Inc. (NYSE: NOVA) reported Q2 EPS of ($7.32), versus ($2.69) reported last year. Revenue for the quarter came in at $34.6 million, versus $28.96 million reported last year.
67,600 customers as of June 30, 2019Net loss of $49.8 million for the three months ended June 30, 2019Adjusted EBITDA of $13.6 million for the three months ended June 30, 2019Customer principal (net of amounts recorded in revenue) and interest payments from solar loans ("P&I") of $5.2 million and $2.7 million, respectively, for the three months ended June 30,... More