Sunnova Energy (NOVA) Reports Q4 Loss, Misses Revenue Estimates

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]