Customer Growth and Engagement - Sunnova reached 386,000 customers as of 9/30/2023[4] - Customer additions increased by 74% in Q3 2023 compared to Q3 2022[5] - Battery attachment rate on origination was 34% in Q3 2023[5] - Battery penetration rate reached 15%[4] - Megawatthours under management increased by 73% since 9/30/2022[5] Financial Performance - Interest income from customer notes receivable was $26.8 million[7] - Adjusted EBITDA was $40.4 million[12] - Fully Burdened Unlevered Return in Q3 2023 was 12%[18] - The company had $759 million in unrestricted cash[8] Guidance - The company anticipates 135,000 – 145,000 customer additions for full year 2023[33] - The company anticipates Adjusted EBITDA of $235 Million – $255 Million for full year 2023[33] - The company anticipates 185,000 – 195,000 customer additions for full year 2024[34] - The company anticipates Adjusted EBITDA of $350 Million – $450 Million for full year 2024[34]
Sunnova(NOVA) - 2023 Q3 - Earnings Call Presentation