Sunnova(US:NOVA)2025-03-03 13:32Financial Performance - Full year 2024 revenue reached $839922 thousand, a 17% increase compared to $720653 thousand in 2023[24,52] - Interest income for the full year 2024 was $149918 thousand, a 29% increase from $115872 thousand in 2023[24,52] - Principal proceeds for the full year 2024 totaled $191 million, a 21% increase compared to 2023[24] - Total stockholders' equity per share increased by 53% from $948 on December 31, 2020, to $1465 on December 31, 2024[24,44] Capital Markets Activities - Asset-level capital raises increased by approximately 50% from $2054 million in 2023 to $3110 million in 2024[17] - Securitizations and loan sales increased by 64% from $1097 million in 2023 to $1795 million in 2024[27] - Tax equity increased by 37% from $957 million in 2023 to $1315 million in 2024, with the weighted average ITC rate increasing from 315% to 383%[28] Operational Efficiency and Cost Reduction - Headcount reduced by over 15%, expected to contribute ~$35 million towards total estimated annual cash savings of ~$70 million[15] - Total headcount has declined by approximately 30% since the end of 2023[15] - Net service expense per customer reduced by 24%[6]