Sunnova Energy International (NOVA) has provided an announcement.
The Committee of a company recently outlined the 2024 Annual Incentive Plan for executive officers, focusing on key performance metrics. These metrics include operational and financial performance, such as Adjusted EBITDA plus P&I, which looks at net income with several adjustments, and Cash Generation, which reflects changes in cash holdings. Additionally, the plan considers the Net Contracted Customer Value per share, an estimate of the company’s customer value adjusted for debt and cash, and individual performance, which together dictate executive incentives. These criteria aim to align executives’ rewards with the company’s financial health and strategic objectives.
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