NYSE$NOVAQ
Sunnova Energy International Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Sunnova reported strong third quarter results, reaffirmed 2020 guidance, and initiated 2021 guidance.
Sunnova Energy International Inc. announced financial results for the quarter ended September 30, 2020, showing revenue increased to $50.2 million and an increase in total customer count to 98,600 as of September 30, 2020.
- Increased total customer count to 98,600 as of September 30, 2020.
- Reaffirmed full-year 2020 guidance.
- Initiated full-year 2021 guidance.
- Adjusted EBITDA was $25.4 million for the three months ended September 30, 2020 compared to $15.9 million for the three months ended September 30, 2019, an increase of $9.5 million.
Headline financials
Revenue & EPS history
Sunnova · Revenue · Quarterly
$50.2M
Forward guidance
Management reaffirms existing full-year 2020 guidance and initiates full-year 2021 guidance.
Tailwinds
- Customer additions of 28,000 - 30,000 (2020)
- Adjusted EBITDA of $58 million - $62 million (2020)
- Customer principal payments received from solar loans, net of amounts recorded in revenue of $32 million - $36 million (2020)
- Customer interest payments received from solar loans of $17 million - $21 million (2020)
- Adjusted Operating Cash Flow of $10 million - $20 million (2020)
Headwinds
- Recurring Operating Cash Flow of $(20) million - $(5) million (2020)
- Customer additions of 42,000 - 48,000 (2021)
- Adjusted EBITDA of $77 million - $83 million (2021)
- Customer principal payments received from solar loans, net of amounts recorded in revenue of $57 million - $63 million (2021)
- Customer interest payments received from solar loans of $28 million - $34 million (2021)
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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