JPMorgan Downgrades Sunnova (NOVA) to Neutral

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Go back to JPMorgan Downgrades Sunnova (NOVA) to Neutral

Sunnova Reports Fourth Quarter and Full Year 2024 Financial Results

March 3, 2025 6:09 AM EST

2024 and Recent Highlights

Increased total cumulative solar power generation and energy storage under management to 3.0 gigawatts and 1,662 megawatt hours, respectively, as of December 31, 2024 Grew total cash by 11% to $548 million as of December 31, 2024 Announced a further optimization of operations estimated to reduce annual cash costs by $70 million Signed a $185 million non-recourse asset-based loan facility providing additional working capital, facility expected to close and fund in the coming days subject to customary closing conditions

HOUSTON--(BUSINESS WIRE)-- Sunnova Energy International Inc. ("Sunnova")... More