- Sunnova Energy International press release (NYSE:NOVA): Q1 GAAP EPS of -$0.70 misses by $0.11.
- Revenue of $161.7M (+146.0% Y/Y) beats by $2.16M.
- Added 30,100 customers in the first quarter; bringing total customer count to 309,300 as of March 31, 2023;
- Raised full year 2023 customer additions guidance range to between 125,000 to 135,000;
- Bolstered liquidity through $500 million in expanded warehouse capacity and $324 million in new asset backed securitizations; and
- Announced a conditional commitment by the U.S. Department of Energy Loan Programs Office to guarantee 90% of up to $3.3 billion of financing to support new loans originated by Sunnov.
- Shares +4.17%.