Sunnova Energy: 2Q Earnings Snapshot
Posted Jul 29, 2020 04:50:53 PM.
Last Updated Jul 29, 2020 05:00:50 PM.
This article is more than 5 years old.
HOUSTON (AP) _ Sunnova Energy International Inc. (NOVA) on Wednesday reported a loss of $25.3 million in its second quarter.
The Houston-based company said it had a loss of 30 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The residential solar company posted revenue of $42.8 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $42.3 million.
Sunnova Energy shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.74, more than doubling in the last 12 months.
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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
The Associated Press
