HOUSTON (AP) — HOUSTON (AP) — Sunnova Energy International Inc. (NOVA) on Wednesday reported a loss of $70 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 57 cents.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 79 cents per share.
The residential solar company posted revenue of $160.9 million in the period, which fell short of Street forecasts. Eleven analysts surveyed by Zacks expected $197.9 million.
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