Sunnova Reports Third Quarter 2019 Financial Results

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Go back to Sunnova Reports Third Quarter 2019 Financial Results

Sunnova Energy International Inc. (NOVA) Misses Q3 EPS by 46c, Revenues Miss

October 31, 2019 7:51 AM EDT

Sunnova Energy International Inc. (NYSE: NOVA) reported Q3 EPS of ($0.62), $0.46 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $36.6 million versus the consensus estimate of $38.42 million.

72,600 customers as of September 30, 2019Net loss of $34.4 million for the three months ended September 30, 2019Adjusted EBITDA of $15.9 million for the three months ended September 30, 2019Customer principal (net of amounts recorded in revenue) and interest payments received from solar loans ("P&I") of $4.3 million and $3.1 million, respectively, for the three months ended September 30, 2019Net cash used in operating activities of... More