2023-07-26 16:27:14 ET
- Sunnova Energy International press release ( NYSE: NOVA ): Q2 Non-GAAP EPS of -$0.74 misses by $0.41 .
- Revenue of $166.38M (+13.2% Y/Y) misses by $28.2M .
- Shares -4.68% .
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2023 Full Year Guidance
Sunnova management is increasing its 2023 full year guidance for customer additions and reaffirming for Adjusted EBITDA, interest income from customer notes receivable, and principal proceeds from customer notes receivable, net of amounts recorded in revenue, and proceeds from investments in solar receivables.
- Customer additions increases from between 125,000 and 135,000 to between 135,000 and 145,000;
- Adjusted EBITDA between $235 million and $255 million reaffirmed;
- Interest income from customer notes receivable between $110 million and $120 million reaffirmed; and
- Principal proceeds from customer notes receivable, net of amounts recorded in revenue, and proceeds from investments in solar receivables between $150 million and $190 million reaffirmed.
For further details see:
Sunnova Energy International Non-GAAP EPS of -$0.74 misses by $0.41, revenue of $166.38M misses by $28.2M