Sunnova is one of the leading companies in the residential solar PV system market, along with Sunrun and Tesla. It reported 16.97% YoY growth in the first 9 months of FY24, but margins remain extremely negative. The business model requires a large amount of capital, leading to debt surpassing the $8 billion threshold as of September 2024, exceeding more than 10x the market cap.
Sunnova Energy International Inc. (NYSE:NOVA ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Rodney McMahan - Vice President of Investor Relations John Berger - Chairman & Chief Executive Officer Eric Williams - Executive Vice President & Chief Financial Officer Conference Call Participants Philip Shen - ROTH Capital Partners Julien Dumoulin-Smith - Jefferies...
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced today that in the wake of significant destruction from Hurricanes Milton and Helene, 98% of its resilient Sunnova rooftop solar systems were unaffected – a strong demonstration of the resilience of Sunnova's power solutions. Sunnova systems remai...
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced today the appointment of Corbin J. Robertson, III, and Jeremy Thigpen as independent directors to its Board of Directors, effective September 23, 2024. “Corby and Jeremy bring a wealth of global business, energy, and leadership experience to our ...
A research update from an important government agency has brought some bulls into the solar sector. This country continues to add electricity-generating capacity, and solar is an integral part of the effort.
Weakness is an opportunity with solar stocks. Granted, there have been concerns that a Trump presidential win could derail clean energy stocks.
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