Why Sunnova Energy Stock Just Jumped 19% [Yahoo! Finance]
Sunnova Energy International Inc. (NOVA)
Last sunnova energy international inc. earnings: 2/24 04:43 pm
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Source: Yahoo! Finance
Analysts had forecast the solar power stock would lose $0.73 per share on sales of $194.9 million in the first quarter of 2024. Instead, the company reported losses of only $0.57 on sales of $160.9 million. Sunnova's Q1 earnings So it's an earnings beat... in the sense that Sunnova lost less money than Wall Street thought it would lose. Still, it's hard to call losing $0.57 per share (when you shares are only worth about $4 and change) "good" news, exactly. And of course, the fact that sales came in 18% below projections seems rather bad. So why are investors buying Sunnova stock today? That's an excellent question, and I'm not quite sure what the answer is. Sunnova was supposed to grow its revenue in Q1, but revenue actually declined by a fraction of a percent -- despite adding 27,000 new customers. Losses did decline by about 18% as management worked to reduce its costs. Is Sunnova stock a buy? On the other hand, management says its primary focus these days is "increasi
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NOVA
News
- KBRA Assigns Preliminary Ratings to Sunnova Hestia II Issuer, LLC Solar Loan Backed Notes, Series 2024-GRID1 [Yahoo! Finance]Yahoo! Finance
- Sunnova: Strong Growth But Needs More Scaling To Become Profitable [Seeking Alpha]Seeking Alpha
- SunPower, other solar stocks surge on Biden tariff plans [Seeking Alpha]Seeking Alpha
- Here's Why It's Unlikely That Sunnova Energy International Inc.'s (NYSE:NOVA) CEO Will See A Pay Rise This Year [Yahoo! Finance]Yahoo! Finance
- SUNNOVA ALERT: Bragar Eagel & Squire, P.C. is Investigating Sunnova Energy International Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
NOVA
Earnings
- 5/1/24 - Beat
NOVA
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/29/24 - Form 8-K
- NOVA's page on the SEC website