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Sunnova Energy International Reaffirms FY20 Guidance


Benzinga | Jul 29, 2020 05:06PM EDT

Sunnova Energy International Reaffirms FY20 Guidance

Management reaffirms existing full-year 2020 guidance and introduces guidance for full-year 2020 Recurring Operating Cash Flow.

* Customer additions of 28,000 - 30,000;

* Adjusted EBITDA of $58 million - $62 million;

* Customer principal payments received from solar loans, net of amounts recorded in revenue of $32 million - $36 million;

* Customer interest payments received from solar loans of $17 million - $21 million;

* Adjusted Operating Cash Flow of $10 million - $20 million; and

* Recurring Operating Cash Flow of $(20) million - $(5) million.







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