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Sunnova Energy: 3Q Earnings Snapshot

·1 min read

HOUSTON (AP) _ Sunnova Energy International Inc. (NOVA) on Wednesday reported a loss of $64.2 million in its third quarter.

On a per-share basis, the Houston-based company said it had a loss of 73 cents. Losses, adjusted to extinguish debt, came to 15 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The residential solar company posted revenue of $50.2 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $47.7 million.

Sunnova Energy shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.54, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOVA at https://www.zacks.com/ap/NOVA