4Q 2024 Results March 3, 2025 Legal Disclaimer This presentation and the accompanying oral presentations contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," " ...

Core Viewpoint - Sunnova Energy reported a quarterly loss of $1.11 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.82, marking an earnings surprise of -35.37% [1] - The company’s revenues for the quarter were $224.13 million, missing the consensus estimate by 4.44% and showing an increase from $194.18 million year-over-year [2] Financial Performance - Over the last four quarters, Sunnova Energy has surpassed consensus EPS estimates two times [2] - The company has experienced a significant decline in share price, losing about 51.6% since the beginning of the year, while the S&P 500 gained 1.2% [3] Future Outlook - The earnings outlook for Sunnova Energy is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is -$0.71 on revenues of $227.59 million, and for the current fiscal year, it is -$2.19 on revenues of $1.05 billion [7] Industry Context - The solar industry, where Sunnova operates, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Sunnova's stock performance [5][6]

Core Viewpoint - Sunnova Energy's stock has significantly declined due to concerns regarding its ability to continue as a going concern, raising substantial doubts about its financial stability and future operations [1] Financial Performance - The company reported a net loss of $30 million for the latest quarter, which is a substantial increase compared to a loss of $12 million in the same quarter last year, indicating worsening financial health [1] - Revenue for the quarter was $70 million, reflecting a 15% increase year-over-year, but this growth is overshadowed by the rising losses [1] Market Reaction - Following the announcement of its financial results and the going concern warning, Sunnova's stock price dropped by over 20%, signaling investor panic and loss of confidence in the company's future [1] - Analysts have expressed concerns that the company's current cash reserves may not be sufficient to sustain operations in the long term, further contributing to the stock's decline [1] Industry Context - The renewable energy sector is facing increased scrutiny as companies navigate financial challenges amid rising interest rates and supply chain issues, which may impact overall market sentiment [1] - Sunnova's situation reflects broader trends in the industry, where companies are struggling to balance growth with financial sustainability [1]

2024 Results Exhibit 99.1 Sunnova Reports Fourth Quarter and Full Year 2024 Financial Results 2024 and Recent Highlights HOUSTON, March 3, 2025 (BUSINESS WIRE) - Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading adaptive energy services company, today announced financial results for the fourth quarter and full year ended December 31, 2024. "Total cash increased by 11% in 2024.This was accomplished without issuing new corporate capital. While total cash increased, unrestricted cash remain ...

Core Viewpoint - Sunnova Energy (NOVA) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ended December 2024, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The consensus estimate indicates a quarterly loss of $0.81 per share, reflecting a year-over-year change of -305%, while revenues are projected to be $234.53 million, representing a 20.8% increase from the previous year [3]. - The earnings report is expected to be released on March 3, and the stock may rise if the reported figures exceed expectations, whereas a miss could lead to a decline [2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 1.73% higher, indicating a collective reassessment by analysts [4]. - The Most Accurate Estimate for Sunnova Energy is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +3.06%, suggesting a likelihood of beating the consensus EPS estimate [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from the consensus estimate, with positive readings being more reliable [7][8]. - Historical performance shows that Sunnova Energy has beaten consensus EPS estimates three times in the last four quarters, although it missed expectations in the most recent quarter by a significant margin [12][13]. Industry Comparison - Another player in the solar industry, Sunrun (RUN), is expected to report a loss of $0.27 per share, with revenues projected at $538.42 million, reflecting a year-over-year increase of 4.2% [17]. - Sunrun's consensus EPS estimate has been revised 4.2% lower, resulting in a negative Earnings ESP of -174.62%, making it challenging to predict a beat against the consensus [18].

Group 1 - The annual general meeting of Nova Klúbbsins hf. is scheduled for March 27, 2025, and the nomination committee is seeking candidates for the board of the company [1] - Nominations, along with resumes, should be submitted to the nomination committee via email, and a nomination form can be found on the company's investor page [2] - The deadline for submitting nominations to the nomination committee is February 10, 2025, although the committee reserves the right to consider late submissions [3] Group 2 - Current board members intend to stand for re-election, and the committee's decision on nominations will be announced at least three weeks prior to the annual meeting [3] - The general nomination period ends five days before the annual meeting, specifically at 16:00 on March 22, 2025, and the nomination committee's activities do not restrict candidates from submitting nominations until that deadline [4] - Further information can be obtained from Thelma Kristín Kvaran, the chair of the nomination committee [4]

Group 1 - Nova Klúbburinn hf. purchased 3,660,000 own shares for a total price of 15,901,300 ISK as part of its share buyback program announced on April 24, 2024 [1] - The share buyback program has a maximum limit of 550 million ISK and will remain in effect until this limit is reached or until the company's annual general meeting in 2025 [1] - Following the transactions, Nova Klúbburinn will hold 110,139,000 own shares, representing approximately 2.99% of the total issued shares in the company [2] Group 2 - The execution of the share buyback program will comply with the Icelandic Companies Act and relevant EU regulations regarding market abuse [3] - Further information can be obtained from the CFO of Nova Klúbburinn, Þórhallur Jóhannsson [3]

Stock Performance - Sunnova Energy International stock surged 10 3% in Thursday's trading with an intraday high of 12 7% [1] - The stock has experienced significant volatility over the past year declining approximately 69% despite the recent gain [3] Analyst Coverage and Price Target - JPMorgan initiated coverage on Sunnova Energy with an overweight rating equivalent to a buy recommendation [2] - JPMorgan lowered its one-year price target from $14 to $11 per share citing uncertainties related to the Inflation Reduction Act [2] - The revised price target of $11 per share still implies a potential upside of approximately 243% from the current closing price [2] Financial Performance and Guidance - Sunnova's Q3 revenue increased 19% year-over-year reaching $235 5 million [4] - The company reiterated its cash generation guidance of $100 million for 2024 $350 million for 2025 and $400 million for 2026 [4] Industry and Market Trends - Concerns about the Trump administration's potential impact on the solar industry may be overblown [3] - Emerging power demands from artificial intelligence (AI) could serve as a catalyst for solar companies [5] - The Trump administration's investments in AI data centers which consume significant power could indirectly benefit solar stocks [5]

Group 1 - Nova Klúbburinn hf. purchased a total of 3,151,000 own shares at a total price of 13,113,020 kr [1] - The share buyback plan was announced on April 24, 2024, and allows for a maximum buyback of 550 million kr [1] - Following the transactions, Nova Klúbburinn will hold 92,878,000 own shares, representing approximately 2.52% of the company's issued shares [2] Group 2 - The total purchase price of the shares held by Nova Klúbburinn after the buyback will amount to 358,692,720 kr [2] - The execution of the buyback plan will comply with the Icelandic Companies Act and relevant EU regulations regarding market abuse [2]

Core Insights - Broadridge Financial Solutions, Inc. received the 2024 NOVA "Innovation in Operations" award from Nicsa for its Tailored Shareholder Reports solution, which addresses complexities from the SEC's TSR ruling effective July 2024 [1][2] - The Tailored Shareholder Reports solution has empowered 342 fund companies, processed over 14,000 CUSIPs, delivered more than 140 million emails, and executed approximately 57 million mailings since the rule's implementation [2] - Broadridge's solution enhances investor communication by providing personalized reports that combine and deliver TSRs specific to the funds and share classes held by investors [2][3] Company Overview - Broadridge Financial Solutions is a global technology leader that supports clients in the financial services industry with operational resiliency and transformative technology [3][4] - The company processes over 7 billion communications annually and facilitates daily trading of more than $10 trillion in securities globally [4] - Broadridge is part of the S&P 500 Index and employs over 14,000 associates across 21 countries [4] Industry Context - The SEC's Tailored Shareholder Reports rule requires intricate summarized disclosures to improve clarity and transparency for individual investors managing mutual fund and ETF investments [3] - Nicsa, the awarding body, is a not-for-profit trade association that promotes collaboration within the global asset and wealth management industry [5]