Sunnova Energy International, Inc. (NYSE: NOVA) shares dipped Thursday, as the industry-leading adaptive energy services company announced today that in the wake of significant destruction from Hurricanes Milton and Helene, 98% of its resilient Sunnova rooftop solar systems were unaffected – a strong demonstration of the resilience of Sunnova’s power solutions.
This morning’s news release boasted, “Sunnova systems remained intact for approximately 19,000 customers in Florida during Hurricane Milton, and more than 13,000 customers across the U.S. Southeast during Hurricane Helene when power infrastructure was crippled and unable to deliver electricity to residents. In total, Sunnova systems for more than 100,000 customers in hurricane-affected areas, including Puerto Rico and Texas, this season have experienced no material damage.”
It went on to say, “Sunnova solar + storage customers living in the hurricane-affected areas benefitted from battery power for an average of 25 hours in the seven days after Hurricane Milton’s landfall. Similarly, Sunnova solar + storage customers benefitted from battery power for an average of 26 hours in the aftermath of Hurricane Helene in the following seven days following the storm while millions of people were without power.”
Said CEO William J. (John) Berger, “We understand the importance of having power when you need it most. I am proud of our teams that did their part to help our customers and communities in this time of need. Powering families through these deadly storms has highlighted the robust reliability of our solar + storage systems.”
NOVA shares dived 31 cents, or 5%, to $5.95.
