Sunnova Energy International Third Quarter 2024 Earnings: Misses Expectations

Sunnova Energy International (NYSE:NOVA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$235.3m (up 19% from 3Q 2023).
• Net loss: US$122.6m (loss widened by 94% from 3Q 2023).
• US$0.98 loss per share (further deteriorated from US$0.53 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sunnova Energy International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 80%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Renewable Energy industry in the US.

Performance of the American Renewable Energy industry.

The company's shares are up 15% from a week ago.

Risk Analysis

We should say that we've discovered 6 warning signs for Sunnova Energy International (2 can't be ignored!) that you should be aware of before investing here.

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