Sunnova Energy reports Q3 EPS (53c), consensus (18c)

Reports Q3 revenue $198.4M, consensus $203.01M. “Maintaining a strong focus on liquidity, increasing operating leverage and profitability, and growing cash flow remain the top objectives of management,” said William J. (John) Berger, the founder and CEO of Sunnova. “As we navigate this higher interest rate and lower liquidity environment, it’s essential to recognize the unique opportunity that arises from the convergence of declining solar equipment prices and the steady uptick in utility rates, creating a distinct wedge of value for our customers. This same wedge of value enables us to continue to increase our pricing power, which is reflected in our increased fully burdened unlevered return.”