NYSE$NOVAQ
Sunnova Energy International Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Announced financial results for the fourth quarter and full-year ended December 31, 2019.
Sunnova reported a revenue increase to $33.6 million for the quarter, with a net loss of $13.8 million. Adjusted EBITDA stood at $10.8 million, driven by customer growth outpacing expenses. The company's total number of customers reached 78,600 as of December 31, 2019.
- Added over 18,000 customers in 2019, a 30% year-over-year increase.
- Storage attachment rate on origination increased to 24% in Q4 2019.
- Revenue increased to $33.6 million for Q4 2019.
- Adjusted EBITDA was $10.8 million for Q4 2019.
Headline financials
Revenue & EPS history
Sunnova · Revenue · Quarterly
$33.6M
Forward guidance
Management announced updates to 2020 full-year guidance.
Tailwinds
- Increase guidance on customer additions from 23,000 - 27,500 to 28,000 - 30,000
- Increase guidance on Adjusted EBITDA from $55 million - $60 million to $58 million - $62 million
- Increase guidance on customer principal payments received from solar loans, net of amounts recorded in revenue from $30 million - $35 million to $32 million - $36 million
- Increase guidance on customer interest payments received from solar loans from $15 million - $20 million to $17 million - $21 million
- Increase guidance on Adjusted Operating Cash Flow from $5 million - $15 million to $10 million - $20 million
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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