NYSE$NOVAQ
Sunnova Energy International Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Delivered strong growth with a record number of customers placed into service and reaffirmed full year 2023 guidance.
Sunnova Energy International Inc. announced strong financial results for Q4 2022, with a record number of customers placed into service, bringing total customer additions in 2022 to 87,000. The company reaffirmed its full year 2023 guidance and highlighted the benefits of its EaaS business model and open platform strategy.
- Added 33,000 customers in the fourth quarter and 87,000 for the full year.
- Reaffirmed full year 2023 guidance and our major metric growth plan, the Triple-Double Triple Plan.
- Increased single customer economics as expressed through our fully burdened unlevered return.
- Revenue increased to $195.6 million for the three months ended December 31, 2022.
Headline financials
Revenue & EPS history
Sunnova · Revenue · Quarterly
$196M
Forward guidance
Sunnova management reaffirms its 2023 guidance of: •Customer additions between 115,000 and 125,000; •Adjusted EBITDA between $235 million and $255 million; •Customer interest payments received from solar loans between $110 million and $120 million; and •Customer principal payments received from solar loans, net of amounts recorded in revenue, between $150 million and $190 million.
Tailwinds
- Customer additions between 115,000 and 125,000
- Adjusted EBITDA between $235 million and $255 million
- Customer interest payments received from solar loans between $110 million and $120 million
- Customer principal payments received from solar loans, net of amounts recorded in revenue, between $150 million and $190 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 · overlaid with Q4 2022
+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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