NYSE$NOVAQ
Sunnova Energy International Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Sunnova's Q4 2024 revenue increased, but losses remained high due to rising costs.
Sunnova reported Q4 2024 revenue of $224.13 million, but net losses persisted due to high costs and interest expenses. Cash balances grew, but unrestricted cash was lower than expected due to ITC sales delays and fewer installed systems.
- Q4 2024 revenue was $224,130,000, calculated by deducting 9M results from the 12M report.
- Net loss for Q4 2024 resulted in an EPS of $(1.14).
- Total cash grew 11% to $548,111,000, but unrestricted cash remained below expectations.
- Interest expense for the quarter was $102,530,000, impacting profitability.
Headline financials
Revenue & EPS history
Sunnova · Revenue · Quarterly
$224M
Forward guidance
Sunnova aims to improve cash flow and cut costs in 2025, but financial challenges remain due to debt and funding constraints.
Tailwinds
- Pricing increases to boost margins.
- Higher ITC benefits through domestic content mandates.
- Operational cost optimizations targeting $70M in savings.
- New $185M loan facility secured for working capital.
- Positive cash flow expected in 2025.
Headwinds
- Unrestricted cash below expectations.
- Going concern risks due to funding constraints.
- High interest expenses affecting profitability.
- ITC sales delays impacting tax equity contributions.
- Net loss expected to remain high in the near term.
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 2024
+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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