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Sunnova’s Q1 Net Loss Widens to $110 Million on Higher Expenses

The company doubled customer acquisition YoY; Q1 revenue soared 146%

April 28, 2023

/ Gourav Mishra
/ Finance and M&A, Solar
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U.S.-based residential solar firm Sunnova’s net loss widened to $110.3 million in the first quarter (Q1) of the financial year (FY) 2023 compared to the loss of $22 million year-on-year (YoY), primarily due to higher expenses.

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Gourav Mishra

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customersExpensesfinanceResidentialSolarSunnova
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