Sunnova Q4 2022 Earnings Report
Key Takeaways
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.
Sunnova
Sunnova
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.
Positive Outlook
- 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.