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Sunnova Energy International | 10-Q: Q3 2024 Earnings Report

Sunnova Energy International | 10-Q: Q3 2024 Earnings Report

Sunnova Energy International | 10-Q:2024財年三季報
美股SEC公告 ·  2024/10/31 18:21

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Sunnova Energy International reported Q3 2024 total revenue increased 19% year-over-year to $235.3 million, driven by 46% growth in customer agreements and incentives revenue to $157.5 million. However, the company recorded a net loss of $150.3 million, significantly wider than the $56.5 million loss in Q3 2023, primarily due to higher interest expenses and operating costs.Operating expenses rose 22% to $287.8 million, including increased depreciation costs and a $22.6 million provision for credit losses. Interest expense surged 217% to $182.5 million due to higher debt levels and interest rates. The company's weighted average number of systems grew 13% to 415,600, while the customer base expanded to 422,700 as of September 30, 2024.Looking ahead, Sunnova faces challenges from rising interest rates and evolving regulatory policies but maintains strong liquidity with $208.9 million in unrestricted cash and $1.0 billion in available borrowing capacity. The company continues to expand its renewable energy platform while adapting to market shifts from solar loans toward leases and power purchase agreements.
Sunnova Energy International reported Q3 2024 total revenue increased 19% year-over-year to $235.3 million, driven by 46% growth in customer agreements and incentives revenue to $157.5 million. However, the company recorded a net loss of $150.3 million, significantly wider than the $56.5 million loss in Q3 2023, primarily due to higher interest expenses and operating costs.Operating expenses rose 22% to $287.8 million, including increased depreciation costs and a $22.6 million provision for credit losses. Interest expense surged 217% to $182.5 million due to higher debt levels and interest rates. The company's weighted average number of systems grew 13% to 415,600, while the customer base expanded to 422,700 as of September 30, 2024.Looking ahead, Sunnova faces challenges from rising interest rates and evolving regulatory policies but maintains strong liquidity with $208.9 million in unrestricted cash and $1.0 billion in available borrowing capacity. The company continues to expand its renewable energy platform while adapting to market shifts from solar loans toward leases and power purchase agreements.
Sunnova Energy International報告稱,2024年第三季度總營業收入同比增長19%,達到23530萬美元,這得益於客戶協議和激勵收入增長46%,達到15750萬美元。然而,公司錄得淨虧損15030萬美元,顯著高於2023年第三季度的5650萬美元虧損,主要由於利息費用和營業費用的增加。營業費用上升22%,達到28780萬美元,包括增加的折舊成本和2260萬美元的信用損失準備金。由於債務水平和利率的上升,利息費用激增217%,達到18250萬美元。公司的加權平均系統數量增長13%,達到415,600,而截至2024年9月30日,客戶基礎擴展至422,700。展望未來,Sunnova面臨來自上升的利率和不斷變化的監管政策的挑戰,但保持強勁的流動性,擁有20890萬美元的無限制現金和10億美元的可用借款能力。公司繼續擴展其可再生能源平台,同時適應從太陽能貸款向租賃和電力購買協議的市場轉變。
Sunnova Energy International報告稱,2024年第三季度總營業收入同比增長19%,達到23530萬美元,這得益於客戶協議和激勵收入增長46%,達到15750萬美元。然而,公司錄得淨虧損15030萬美元,顯著高於2023年第三季度的5650萬美元虧損,主要由於利息費用和營業費用的增加。營業費用上升22%,達到28780萬美元,包括增加的折舊成本和2260萬美元的信用損失準備金。由於債務水平和利率的上升,利息費用激增217%,達到18250萬美元。公司的加權平均系統數量增長13%,達到415,600,而截至2024年9月30日,客戶基礎擴展至422,700。展望未來,Sunnova面臨來自上升的利率和不斷變化的監管政策的挑戰,但保持強勁的流動性,擁有20890萬美元的無限制現金和10億美元的可用借款能力。公司繼續擴展其可再生能源平台,同時適應從太陽能貸款向租賃和電力購買協議的市場轉變。
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