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Sunnova Energy International Inc. (NOVA) Q4 2024 Earnings Call Transcript

March 3, 2025
in Market & News
Reading Time: 2 mins read
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Sunnova Energy International Inc. (NOVA) Q4 2024 Earnings Call Transcript
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Sunnova Energy International Inc. (NYSE:NOVA) Q4 2024 Earnings Conference Call March 3, 2025 6:00 AM ET

Company Participants

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Rodney McMahan – Vice President of Investor Relations
John Berger – Chairman & Chief Executive Officer
Eric Williams – Executive Vice President & Chief Financial Officer
Paul Mathews – Chief Operating Officer

Conference Call Participants

Philip Shen – ROTH Capital Partners
Tyler Bisset – Goldman Sachs
Julien Dumoulin-Smith – Jefferies
Dylan Nassano – Wolfe Research
Ben Kallo – Baird
Praneeth Satish – Wells Fargo
Maheep Mandloi – Mizuho
William Griffin – UBS

Operator

Good morning, and welcome to Sunnova’s Fourth Quarter and Full Year 2024 Earnings Conference Call. Today’s call is being recorded and we have allocated an hour for prepared remarks and Q&A.

At this time, I would like to turn the conference over to Rodney McMahan, Vice President, Investor Relations at Sunnova. Thank you. Please go ahead.

Rodney McMahan

Thank you, operator. Before we begin, please note that during today’s call we will make forward-looking statements that are subject to various risks and uncertainties as described in our slide presentation, earnings press release, and our 2024 form 10-K. Please see those documents for additional information regarding those factors that may affect these forward-looking statements.

On the call today are John Berger, Sunnova’s Chairman and Chief Executive Officer, Eric Williams, Executive Vice President and Chief Financial Officer, and Paul Mathews, Executive Vice President and Chief Operating Officer.

I will now turn the call over to John.

John Berger

Good morning everyone, and thank you joining today’s call. As you are aware, the fourth quarter of 2024 was a challenging time for our industry. Peer distress and stubbornly high interest rates, along with regulatory and political uncertainties, made both consumers and capital providers more cautious. This backdrop slowed the flow of tax equity, which in turn, lowered the amount of capital

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