Sunnova Energy’s Upcoming Q1 Earnings Preview
<p>RBC Capital provided its outlook on <a href='https://financialmodelingprep.com/financial-summary/NOVA'>Sunnova Energy International Inc. (NYSE:NOVA)</a> ahead of Q1 earnings, which are scheduled to be reported tomorrow after the market close.</p>
<p>The analysts lowered their Q1 estimates on seasonality but largely maintained their full-year 2023 estimates. They now forecast Q1 adjusted EBITDA of $12 million ($24 million prior), principal income of $28 million ($34 million prior) and interest income of $17 million ($25 million prior).</p> 
<p>According to the analysts, Q1 is seasonally slower given lower solar production and SRECs as well as higher installations. For the full year 2023, they now forecast adjusted EBITDA + P&I of $519 million and for 2024 they forecast adjusted EBITDA + P&I of $782 million.</p>
<p>The analysts reiterated their Outperform rating and $31 price target on the company’s shares.</p>

NYSE:NOVA