Sunnova Reports Fourth Quarter and Full-Year 2019 Financial Results; Raises 2020 Guidance
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Sunnova Energy International Inc. (NOVA) Misses Q4 EPS by 1c, Revenues Miss
February 24, 2020 4:46 PM ESTSunnova Energy International Inc. (NYSE: NOVA) reported Q4 EPS of ($0.21), $0.01 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $33.6 million versus the consensus estimate of $34.68 million.
Sunnova's total number of customers was 78,600 as of December 31, 2019, an increase of 18,300 compared to December 31, 2018.Revenue increased to $131.6 million, or by $27.2 million, for the year ended December 31, 2019 compared to the year ended December 31, 2018. This increase in revenues is primarily the result of an increase in the number of customers served.Total operating expense, net increased to $153.8 million, or by $35.7... More