NYSE$NOVAQ
Sunnova Energy International Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong results with revenue increase and customer growth.
Sunnova reported a revenue increase to $68.9 million, added 14,300 customers, and had $951 million in cash and available liquidity. The company incurred a net loss of $25.9 million, an improvement compared to the previous year. Management reaffirms existing full-year 2021 guidance and initiates complete full-year 2022 guidance.
- Added 14,300 customers in Q3, bringing total customer count to 176,900 as of September 30, 2021.
- Cash and available liquidity totaled $951 million as of September 30, 2021.
- Single customer economics remain robust.
- Battery attachment rate continues to recover as supply constraints abate.
Headline financials
Revenue & EPS history
Sunnova · Revenue · Quarterly
$68.9M
Forward guidance
Management reaffirms existing full-year 2021 guidance and initiates complete full-year 2022 guidance.
Tailwinds
- Customer additions of 55,000 - 58,000 (excluding legacy SunStreet customers) for 2021.
- Adjusted EBITDA of $80 million - $85 million for 2021.
- Customer interest payments received from solar loans of $28 million - $34 million for 2021.
- Customer principal payments received from solar loans, net of amounts recorded in revenue of $62 million - $68 million for 2021.
- Customer additions of 83,000 - 87,000 for 2022.
Headwinds
- Adjusted EBITDA of $117 million - $137 million for 2022.
- Customer interest payments received from solar loans of $45 million - $55 million for 2022.
- Customer principal payments received from solar loans, net of amounts recorded in revenue of $134 million - $154 million for 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q3 2021
+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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