Welcome to our dedicated page for Sunnova Energy International news (Ticker: $NOVA), a resource for investors and traders seeking the latest updates and insights on Sunnova Energy International stock.
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Sunnova Energy International, an industry-leading adaptive energy services company, released its 2023 Sustainability Report, highlighting progress in sustainability goals, supplier engagement, community service, and talent development. The report reflects the company's commitment to sustainable energy solutions, customer satisfaction, and community impact.
Sunnova Energy International Inc. reported its First Quarter 2024 Financial Results, highlighting 27,000 new customers added, totaling 438,500 customers as of March 31, 2024. Revenue decreased slightly to $160.9 million, offset by increased revenue in core adaptive energy customers. Operating expenses rose to $245.1 million, resulting in a net loss of $90.1 million. Adjusted EBITDA improved to $46.4 million. Sunnova's cash balance stood at $487.5 million as of March 31, 2024. The company lowered its customer addition guidance for 2024 but reaffirmed Adjusted EBITDA, interest income, and principal proceeds guidance.
