Sunnova Energy: Good Q2, But Highly Leveraged On Debt
NOVASunnova(NOVA) Seeking Alpha·2024-08-01 23:28
ArtistGNDphotography Sunnova Energy International Inc. (NYSE:NOVA) just reported their Q2 2024 earnings results, on July 31. Although I view most of their results positively, especially the increase in revenue and adjusted EBITDA, I'm still not confident in today's share price level. Their high level of long-term debt, and their publicly traded bond prices, make me concerned about their long-term stability. In Q2 alone, they conducted four securitizations totaling $853 million. This was a 40% increase i ...