Sunnova Energy International Inc. (NOVA) Misses Q4 EPS by 65c, Revenues Miss

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Sunnova Reports Fourth Quarter and Full Year 2020 Results

February 24, 2021 4:15 PM EST

2020 and Recent Highlights

Added approximately 29,000 customers in 2020, bringing total customer count to 107,500 as of December 31, 2020; Reduced adjusted operating expense per weighted average customer by 9.5% in 2020; Met all 2020 guidance targets despite unprecedented public health and macro-economic challenges; Recently closed a $189 million asset-backed securitization at the strongest terms the industry has seen; and Entered into a definitive merger agreement to acquire Lennar's residential solar platform SunStreet, accelerating Sunnova's growth and increasing Sunnova's operating leverage.

HOUSTON--(BUSINESS WIRE)-- Sunnova Energy International Inc. ("Sunnova")... More