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Sunnova revenue surges as US residential solar demand remains high

Sunnova revenue surges as US residential solar demand remains high
Sunnova carrying out a home solar installation in the US. Image: Sunnova.
Sunnova has reported a surge in Q1 2021 revenue as the US residential solar installer lauded its software and services capabilities.
Revenue for Q1 2021 stood at US$41.3 million, up 38% year-on-year and only the second time in the company’s history that quarterly revenue topped US$40 million.
This was on the back of a surge in customer numbers comparative to previous first quarters, with around 8,900 customers added in the first three months of the year. Total customers now stand at 116,400, and Sunnova has reaffirmed guidance that it expects to add between 55,000 – 58,000 customers this year. ....

Williamj Berger , Sunnova Network ,

Sunnova Energy International : Reports First Quarter 2021 Financial Results

First Quarter 2021 and Recent Highlights
Added approximately 8,900 customers in the first quarter, bringing total customer count to 116,400 as of March 31, 2021;
Reaffirmed full-year 2021 guidance;
Completed the acquisition of Lennar s residential solar platform SunStreet; and
Published Inaugural Environmental, Social, and Governance (ESG) Report, detailing the company s ESG strategy and performance.
Sunnova Energy International Inc. ( Sunnova ) (NYSE: NOVA), one of the leading U.S. residential solar and storage service providers, today announced financial results for the quarter ended March 31, 2021.
Sunnova s strong first quarter results and continued rapid growth reiterates the power of our business model and capitalization strategy, said William J. (John) Berger, Chief Executive Officer of Sunnova. Our rapid growth has been made possible through the value of the Sunnova Network, whereby software and services enable aggregation capabilities to create ....

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