Sunnova Energy International, Inc. (NYSE:NOVA) Q3 2022 Earnings Conference Call October 27, 2022 8:00 AM ET

Company Participants

Rodney McMahan - VP, IR

William Berger - Chairman, President & CEO

Robert Lane - EVP & CFO

Conference Call Participants

Philip Shen - ROTH Capital Partners

Julien Dumoulin-Smith - Bank of America Merrill Lynch

Maheep Mandloi - Crédit Suisse

Sophie Karp - KeyBanc Capital Markets

David Peters - Wolfe Research

Sean Morgan - Evercore ISI

Pavel Molchanov - Raymond James & Associates

James Bardowski - GLJ Research

Brian Lee - Goldman Sachs

Praneeth Satish - Wells Fargo Securities

Abhishek Sinha - Northland Capital Markets

Elvira Scotto - RBC Capital Markets

Kasope Harrison - Piper Sandler & Co.

Mark Strouse - JPMorgan Chase & Co.

Operator

Good morning, and welcome to Sunnova's Third Quarter 2022 Earnings Conference Call. Today's call is being recorded, and we have allocated an hour for prepared remarks and question and answer. At this time, I would like to turn the conference over to Rodney McMahan, Vice President, Investor Relations at Sunnova. Thank you please go ahead.

Rodney McMahan

Thank you, operator. Before we begin, please note, during today's call, we will make forward-looking statements that are subject to various risks and uncertainties that are described in our slide presentation, earnings press release and our 2021 Form 10-K. Please see those documents for additional information regarding those factors that may affect these forward-looking statements. Also, we will reference certain non-GAAP measures during today's call. Please refer to the appendix of our presentation as well as the earnings press release for the appropriate GAAP to non-GAAP reconciliations and cautionary disclosures. On the call today are John Berger, Sunnova's Chairman and Chief Executive Officer; and Robert Lane, Executive Vice President and Chief Financial Officer. I will now turn the call over to John.

William Berger

Good morning, and thank you for joining us. When I founded Sunnova, I set out to build a company capable of withstanding virtually any market scenario and to solve a multifaceted global energy crisis. The world is in desperate need of clean, resilient and reliable energy, and we are focused on delivering a superior energy service to address the global energy crisis Trifecta, energy affordability, energy security and climate change.

Now as we look to celebrate our 10-year anniversary, it is clear that Sunnova has built high credit quality, long-term cash flows that have created a strong balance sheet to ride out inevitable bad economic cycles. Over the past several quarters, we have had a more negative view of the broader economy. As such, we decided to position Sunnova for what we had anticipated to be a more challenging macro environment. This meant working with our dealers to raise pricing as well as fortifying Sunnova's balance sheet are raising more liquidity than projected and on an accelerated basis.