Updated Oct. 25, 2023 5:18 pm ET
The latest Market Talks covering ESG Impact Investing. Published exclusively on Dow Jones Newswires at 10:00 ET and 17:00 ET.
1644 ET – Sunnova Energy is feeling the bite of higher interest rates. The residential solar company reported higher 3Q revenue due to more solar energy systems, but the company’s logged a wider-than-expected loss. The company said the loss was mostly caused by higher interest expense and higher general and administrative expenses. Chief Executive John Berger said the company can capitalize on declining solar equipment prices and higher utility rates, despite the higher interest rate environment. Shares rise 11% to $8.92 after hours. (ben.glickman@wsj.com; @benglickman)
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