Sunnova Reports Second Quarter 2020 Financial Results and Reaffirms 2020 Guidance
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Sunnova Energy International Inc. (NOVA) Misses Q2 EPS by 11c; Reaffirms FY20 Financial Guidance
July 29, 2020 5:18 PM EDTSunnova Energy International Inc. (NYSE: NOVA) reported Q2 EPS of ($0.30), $0.11 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $42.8 million versus the consensus estimate of $42.05 million.
Second Quarter 2020 Highlights
Increased total customer count to 91,600 as of June 30, 2020;Increased storage attachment rate on origination to 34% in the second quarter of 2020;Closed a $158.5 million securitization of residential solar loan agreements; andReaffirmed full-year 2020 guidance."We are proud to report another quarter of strong results and to reaffirm our 2020 guidance," said William J. (John) Berger, Chief... More
