Sunnova reports Q2 EPS (27c), consensus (63c)

Reports Q2 revenue $219.6M, consensus $217.97M. “Last quarter, we set four key priorities, all with the acute focus on increasing our cash generation and maintaining strong margins,” said William J. (John) Berger, Sunnova’s founder and CEO. “I am pleased to report that we made considerable progress against those priorities in the second quarter, building on our momentum from the first quarter, and yielding an increase in unrestricted cash on our balance sheet for the second quarter in a row. We have every intention of maintaining this positive trend line for the remainder of 2024 and beyond, evidenced by the increase in our cash generation guidance.”