NYSE$NOVAQ
Sunnova Energy International Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Announced financial results for the quarter ended June 30, 2021.
Sunnova Energy International Inc. reported an increase in revenue to $66.6 million for the second quarter of 2021, alongside a net loss of $66.3 million. The company's total customer count reached 162,600, including acquisitions and organic growth. Adjusted EBITDA increased to $30.1 million, reflecting customer growth outpacing expenses.
- Total customer count reached 162,600 as of June 30, 2021, including SunStreet customers acquired on April 1, 2021, and organic growth.
- Cash and available liquidity stood at $629 million as of June 30, 2021.
- Launched Green Financing Framework to guide the issuance of green financings.
- Battery attachment rate increased faster than expected as customers are increasingly focused on resiliency and service.
Headline financials
Revenue & EPS history
Sunnova · Revenue · Quarterly
$66.6M
Forward guidance
Management increases full-year 2021 guidance for customer principal payments received on solar loans, net of amounts recorded in revenue and Adjusted Operating Cash Flow.
Tailwinds
- Customer additions of 55,000 - 58,000 (excluding legacy SunStreet customers) reaffirmed.
- Adjusted EBITDA of $80 million - $85 million reaffirmed.
- Customer principal payments received from solar loans, net of amounts recorded in revenue increases from $57 million - $63 million to $62 million - $68 million.
- Customer interest payments received from solar loans of $28 million - $34 million reaffirmed.
- Adjusted Operating Cash Flow increases from $20 million - $30 million to $35 million - $45 million.
Headwinds
- Recurring Operating Cash Flow of $(5) million - $5 million reaffirmed.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports
+1.6%
Avg return
Earnings day
+1.7%
Avg return
5 days after
-2.4%
Avg return
30 days after
67%
16 / 24 earnings
Positive
+36.1%
Q2 2022
Best reaction
-64.2%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2025 | +0.0% | +0.0% | -99.8% | |
| Q4 2024 | -64.2% | -71.1% | -80.1% | |
| Q3 2024 | +16.1% | +25.2% | +3.4% | |
| Q2 2024 | +17.2% | +8.6% | +56.8% | |
| Q1 2024 | +5.0% | +11.0% | +24.0% | |
| Q4 2023 | -23.8% | -38.4% | -48.6% | |
| Q3 2023 | +9.1% | +2.9% | +19.8% | |
| Q2 2023 | -12.6% | -14.7% | -35.8% | |
| Q1 2023 | +1.9% | -3.4% | -7.6% | |
| Q4 2022 | +3.5% | +2.7% | -22.1% | |
| Q3 2022 | +9.6% | +8.8% | +37.3% | |
| Q2 2022 | +36.1% | +32.2% | +37.7% | |
| Q1 2022 | +7.1% | +10.7% | +15.0% | |
| Q4 2021 | +18.9% | +32.7% | +63.4% | |
| Q3 2021 | +13.3% | +12.5% | -6.6% | |
| Q2 2021 | +8.1% | +6.6% | +5.6% | |
| Q1 2021 | -7.9% | — | — | |
| Q4 2020 | -1.8% | — | — | |
| Q3 2020 | -2.6% | — | — | |
| Q2 2020 | +3.6% | — | — | |
| Q1 2020 | +7.5% | — | — | |
| Q4 2019 | +0.4% | — | — | |
| Q3 2019 | +0.6% | — | — | |
| Q2 2019 | -6.2% | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — |
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