Loading...
•
Sep 30, 2024
Sunnova Q3 2024 Earnings Report
Sunnova reported solid results in Q3 2024, focusing on cash generation and key priorities outlined at the beginning of fiscal year 2024.
Key Takeaways
Sunnova reported a revenue increase of 19% year-over-year to $235.3 million. The company maintained its cash generation guidance for the coming years and saw an increase in the monthly weighted average investment tax credit rate.
Cash generation guidance of $100 million for 2024, $350 million for 2025, and $400 million for 2026 maintained.
Revenue of $235.3 million increased 19% from the third quarter of 2023.
Monthly weighted average investment tax credit rate on origination of 40.7% in September 2024, increased to 42.2% in October 2024.
Total cumulative solar power generation under management increased to 2.9 gigawatts and megawatt hours of energy storage under management increased to 1,556 as of September 30, 2024.
Revenue by Geographic Location
Forward Guidance
Sunnova maintained its cash generation guidance for 2024, 2025, and 2026.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...