Sunnova’s stock sinks as losses double, revenue underwhelms

Shares of Sunnova Energy International Inc.

were dropping more than 6% in after-hours trading Wednesday after the clean-energy company delivered downbeat revenue for its second quarter and saw losses double. The company logged a net loss of $86 million, or 74 cents a share, compared with a loss of $41 million, or 36 cents a share, in the year-earlier quarter. Analysts surveyed by FactSet were anticipating a 42-cent per-share loss. Revenue grew to $166 million from $147 million, while analysts had been expecting $196 million.

were dropping more than 6% in after-hours trading Wednesday after the clean-energy company delivered downbeat revenue for its second quarter and saw losses double. The company logged a net loss of $86 million, or 74 cents a share, compared with a loss of $41 million, or 36 cents a share, in the year-earlier quarter. Analysts surveyed by FactSet were anticipating a 42-cent per-share loss. Revenue grew to $166 million from $147 million, while analysts had been expecting $196 million.

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