Sunnova Energy Stock Falls After Q4 Results: EPS, Revenue Misses
Portfolio Pulse from Erica Kollmann
Sunnova Energy International Inc. (NYSE:NOVA) reported Q4 financial results that fell short of expectations, with a loss of $1.53 per share against an estimated loss of 18 cents, and quarterly sales of $194.18 million versus an expected $223.38 million. Despite this, the company reaffirmed its 2024 full-year guidance and initiated 2025 cash generation guidance. Shares dropped 4.19% in after-hours trading.
February 21, 2024 | 11:15 pm
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NEGATIVE IMPACT
Sunnova Energy International Inc. reported disappointing Q4 results with significant misses on EPS and revenue, but reaffirmed 2024 guidance and introduced 2025 cash generation guidance.
The significant misses on both EPS and revenue for Q4 are likely to negatively impact investor sentiment and stock price in the short term, as evidenced by the 4.19% drop in after-hours trading. However, the reaffirmation of 2024 guidance and the introduction of 2025 cash generation guidance may provide some level of support to the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100