Market misunderstanding Trump administration's impact on solar energy, says Sunnova CEO John Berger
John Berger, Sunnova CEO, joins 'Closing Bell Overtime' to talk the impact of the upcoming Trump administration on solar energy.
Sunnova: Skyrocketing Debt Fuels Growth, But Margins Remain Under Pressure
Sunnova is one of the leading companies in the residential solar PV system market, along with Sunrun and Tesla. It reported 16.97% YoY growth in the first 9 months of FY24, but margins remain extremely negative. The business model requires a large amount of capital, leading to debt surpassing the $8 billion threshold as of September 2024, exceeding more than 10x the market cap.
Sunnova Energy International Inc. (NOVA) Q3 2024 Earnings Call Transcript
Sunnova Energy International Inc. (NYSE:NOVA ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Rodney McMahan - Vice President of Investor Relations John Berger - Chairman & Chief Executive Officer Eric Williams - Executive Vice President & Chief Financial Officer Conference Call Participants Philip Shen - ROTH Capital Partners Julien Dumoulin-Smith - Jefferies Brian Lee - Goldman Sachs Andrew Percoco - Morgan Stanley Pavel Molchanov - Raymond James Dylan Nassano - Wolfe Research Ameet Thakkar - BMO Capital Markets Praneeth Satish - Wells Fargo Chris Dendrinos - RBC Capital Markets Corinne Blanchard - Deutsche Bank Kashy Harrison - Piper Sandler Maheep Mandloi - Mizuho Operator Good morning and welcome to Sunnova's Third Quarter 2024 Earnings Conference Call. Today's call is being recorded and we have allocated an hour for prepared remarks and Q&A.
Sunnova Energy (NOVA) Reports Q3 Loss, Lags Revenue Estimates
Sunnova Energy (NOVA) came out with a quarterly loss of $0.98 per share versus the Zacks Consensus Estimate of a loss of $0.53. This compares to loss of $0.53 per share a year ago.
Sunnova Energy (NOVA) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Sunnova Energy (NOVA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Why Sunnova Energy Stock Was Winning Big This Week
A research update from an important government agency has brought some bulls into the solar sector. This country continues to add electricity-generating capacity, and solar is an integral part of the effort.
Why Sunnova Energy Stock Burned So Brightly Today
The solar energy mainstay posted its second-quarter results after market hours Wednesday. These revealed a notably higher revenue figure and a much narrower net loss compared to the year-ago quarter.
Sunnova Energy: Good Q2, But Highly Leveraged On Debt
Sunnova Energy reported a 32% increase in revenue in Q2 2024, driven by high-margin customers under lease and PPA contracts. Despite a 670% jump in adjusted EBITDA, driven by one-time ITC sales, I still have concerns about the company's long-term stability due to high debt levels. Management's focus on high-margin customers, and raised guidance for 2024 are positive, but I still don't see enough insider buying activity.
Sunnova Energy (NOVA) Reports Q2 Loss, Tops Revenue Estimates
Sunnova Energy (NOVA) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.54. This compares to loss of $0.74 per share a year ago.
Sunnova Energy (NOVA) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Sunnova Energy (NOVA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sunnova Energy Stock Up 44%, but Shorts Are Now Piling On
After being founded in 2012 and going public in 2019, Sunnova Energy International Inc.
Why Solar Energy Stocks Soared on Thursday
Inflation came in cooler than expected today and investors are speculating that interest rates will fall as a result. Lower rates are a huge boost to the solar industry and shares are reacting as such today.
