Sunnova Energy: Q4 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Sunnova Energy International Inc. (NOVA) on Wednesday reported a loss of $187.6 million in its fourth quarter.
HOUSTON (AP) — HOUSTON (AP) — Sunnova Energy International Inc. (NOVA) on Wednesday reported a loss of $187.6 million in its fourth quarter.
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The Houston-based company said it had a loss of $1.53 per share. Losses, adjusted for non-recurring costs and asset impairment costs, were 20 cents per share.
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The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The residential solar company posted revenue of $194.2 million in the period, which did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $226.1 million.
For the year, the company reported a loss of $418 million, or $3.53 per share. Revenue was reported as $720.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOVA at https://www.zacks.com/ap/NOVA