Why Sunnova Energy Stock Crashed on Thursday
NOVASunnova(NOVA) The Motley Fool·2024-02-23 02:50

The bad news for American solar energy companies, and the companies that supply them, got a little bit worse on Thursday when residential solar company Sunnova Energy International (NOVA -20.32%) stock tumbled 19% (through 12:45 p.m. ET) after reporting earnings last night. Heading into the fourth quarter of 2023, analysts already weren't terribly optimistic about Sunnova's chances, forecasting an 0.18persharelossonsalesof0.18 per share loss on sales of 223.4 million. But the news was even worse than that. Sunnova reported only $ ...