Sunnova narrows Q2 loss aided by investment tax credit sales
- Admin
- Aug 2, 2024
- 1 min read
Sunnova Energy International Inc reported a net loss of USD 79.7 million for Q2 2024, narrowed from USD 100.8 million in Q2 2023. Revenue increased to USD 219.6 million, while adjusted EBITDA was USD 216.7 million. The company added 161 MW of solar power generation and 284 MWh of energy storage. CEO William John Berger mentioned the company's focus on increasing cash generation and maintaining strong margins. Sunnova provided 2024 guidance including customer additions, adjusted EBITDA, interest income, and principal proceeds.
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