Sunnova Energy International Management

Management criteria checks 1/4

Sunnova Energy International's CEO is John Berger, appointed in Apr 2019, has a tenure of 5.17 years. total yearly compensation is $5.87M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth €2.11M. The average tenure of the management team and the board of directors is 1.3 years and 4.8 years respectively.

Key information

John Berger

Chief executive officer

US$5.9m

Total compensation

CEO salary percentage	10.6%
CEO tenure	5.2yrs
CEO ownership	0.4%
Management average tenure	1.3yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Berger's remuneration changed compared to Sunnova Energy International's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$407m
Dec 31 2023	US$6m	US$621k	-US$418m
Sep 30 2023	n/a	n/a	-US$251m
Jun 30 2023	n/a	n/a	-US$253m
Mar 31 2023	n/a	n/a	-US$208m
Dec 31 2022	US$5m	US$521k	-US$162m
Sep 30 2022	n/a	n/a	-US$155m
Jun 30 2022	n/a	n/a	-US$118m
Mar 31 2022	n/a	n/a	-US$140m
Dec 31 2021	US$1m	US$450k	-US$138m
Sep 30 2021	n/a	n/a	-US$216m
Jun 30 2021	n/a	n/a	-US$252m
Mar 31 2021	n/a	n/a	-US$214m
Dec 31 2020	US$2m	US$450k	-US$252m
Sep 30 2020	n/a	n/a	-US$178m
Jun 30 2020	n/a	n/a	-US$151m
Mar 31 2020	n/a	n/a	-US$189m
Dec 31 2019	US$14m	US$435k	-US$169m
Sep 30 2019	n/a	n/a	-US$205m
Jun 30 2019	n/a	n/a	-US$185m
Mar 31 2019	n/a	n/a	-US$145m
Dec 31 2018	US$2m	US$425k	-US$136m
Dec 31 2017	US$914k	US$425k	-US$121m

Compensation vs Market: John's total compensation ($USD5.87M) is above average for companies of similar size in the German market ($USD1.30M).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.

CEO

John Berger (50 yo)

5.2yrs

Tenure

US$5,865,040

Compensation

Mr. William Jackson Berger, also known as John, serves as Chief Executive Officer, President and Chairman of the Board of Sunnova Energy Corp since 2012. Mr. Berger founded Sunnova Energy Corporation in 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Berger	Chairman	5.2yrs	US$5.87m	0.35% $ 2.1m
Paul Mathews	Executive VP & COO	less than a year	US$2.08m	0.011% $ 67.4k
David Searle	Executive VP	1.3yrs	US$2.11m	0.013% $ 79.4k
Michael Grasso	Executive VP & Chief Revenue Officer	1.3yrs	US$3.16m	0.055% $ 325.2k
Rodney McMahan	Vice President of Investor Relations	no data	no data	no data
Jackson Lynch	Executive VP & Chief Human Resources Officer	1.1yrs	no data	no data
Walter Baker	Senior Vice President of Legal	1.3yrs	US$1.64m	0.13% $ 794.3k
Meghan Nutting	Executive Vice President of Government & Regulatory Affairs	3.1yrs	no data	0.045% $ 268.8k
Margaret Fitzgerald	Senior VP	no data	no data	no data

1.3yrs

Average Tenure

50yo

Average Age

Experienced Management: 7SE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
William Berger	Chairman	5.2yrs	US$5.87m	0.35% $ 2.1m
Michael Morgan	Independent Director	5yrs	US$186.41k	0.023% $ 137.1k
C. Shaper	Independent Director	5yrs	US$199.46k	0.015% $ 92.1k
Rahman D'Argenio	Independent Director	5yrs	no data	no data
Nora Brownell	Independent Director	3.7yrs	US$215.08k	0.028% $ 169.8k
Akbar Mohamed	Independent Director	3.5yrs	US$197.11k	0.20% $ 1.2m
Anne Andrew	Lead Independent Director	4.7yrs	US$206.95k	0.058% $ 346.4k
Mary Yang	Independent Director	2.7yrs	US$192.34k	0.014% $ 85.9k

4.8yrs

Average Tenure

55yo

Average Age

Experienced Board: 7SE's board of directors are considered experienced (4.8 years average tenure).

Sunnova Energy International Management

Management criteria checks 1/4

Key information

Recent management updates

Sunnova Energy International Inc., Annual General Meeting, May 15, 2024

Chairman recently sold €184k worth of stock

Independent Director recently bought €974k worth of stock

Sunnova Energy International Inc. Appoints Paul Mathews as Executive Vice President, Chief Operating Officer

Insufficient new directors

Sunnova Energy International Inc. Approves Change in Kris W. Hillstrand's Title from Executive Vice President, International and Direct to Executive Vice President, Direct

Recent updates

New minor risk - Insider selling

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: US$0.57 loss per share (vs US$0.70 loss in 1Q 2023)

Sunnova Energy International Inc. to Report Q1, 2024 Results on May 01, 2024

Sunnova Energy International Inc., Annual General Meeting, May 15, 2024

Chairman recently sold €184k worth of stock

Independent Director recently bought €974k worth of stock

Sunnova Energy International Inc. Appoints Paul Mathews as Executive Vice President, Chief Operating Officer

Sunnova Energy International Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023

Sunnova Energy International Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023

Full year 2023 earnings released: US$3.53 loss per share (vs US$1.41 loss in FY 2022)

Rosen Law Firm Encourages Sunnova Energy International Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action

Sunnova Energy International Inc. to Report Q4, 2023 Results on Feb 21, 2024

Insufficient new directors

The Gross Law Firm Notifies Shareholders of Sunnova Energy International Inc. of A Class Action Lawsuit

New major risk - Revenue and earnings growth

Sunnova Energy International Inc. Approves Change in Kris W. Hillstrand's Title from Executive Vice President, International and Direct to Executive Vice President, Direct

Sunnova Energy International Inc. Expands Cutting-Edge Global Command Center, Redefining Customer Service in the Solar Industry

Third quarter 2023 earnings released: US$0.53 loss per share (vs US$0.54 loss in 3Q 2022)

Sunnova Energy International Inc. to Report Q3, 2023 Results on Oct 25, 2023

New minor risk - Shareholder dilution

Now 21% undervalued

Now 21% undervalued

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.74 loss per share (vs US$0.32 loss in 2Q 2022)

Sunnova Energy International Inc. to Report Q2, 2023 Results on Jul 26, 2023

Independent Director recently bought €133k worth of stock

First quarter 2023 earnings released: US$0.70 loss per share (vs US$0.30 loss in 1Q 2022)

Now 22% undervalued after recent price drop

Executive VP & Chief Revenue Officer recently sold €246k worth of stock

Now 22% undervalued after recent price drop

Full year 2022 earnings released: US$1.41 loss per share (vs US$1.25 loss in FY 2021)

Sunnova Energy International Inc. to Report Q4, 2022 Results on Feb 22, 2023

Forecast to breakeven in 2025

Third quarter 2022 earnings released: US$0.54 loss per share (vs US$0.25 loss in 3Q 2021)

Sunnova Energy International Inc. to Report Q3, 2022 Results on Oct 26, 2022

Sunnova Energy International Inc. Submits Application to Develop First-Of-Its-Kind Solar “Micro-Utility” in California

Chairman recently sold €4.4m worth of stock

Now 22% undervalued

High number of new directors

Second quarter 2022 earnings released: US$0.32 loss per share (vs US$0.57 loss in 2Q 2021)

Sunnova Energy International Inc. to Report Q2, 2022 Results on Jul 27, 2022

Sunnova Energy International Inc.(NYSE:NOVA) dropped from Russell 2000 Growth Index

Sunnova Energy International Inc. Announces Fixed Discount for Solar to Combat Utility Rate Volatility

No longer forecast to breakeven

First quarter 2022 earnings released: US$0.30 loss per share (vs US$0.31 loss in 1Q 2021)

High number of new and inexperienced directors

Forecast to breakeven in 2024

Sunnova Energy International Inc., Annual General Meeting, May 18, 2022

Sunnova Energy International Inc. to Report Q1, 2022 Results on Apr 27, 2022

Insider recently sold €95k worth of stock

Independent Director recently bought €173k worth of stock

No longer forecast to breakeven

Sunnova Energy International Inc. Launches Standalone Solar System Repair Services

Now 23% undervalued after recent price drop

Forecast to breakeven in 2024

Independent Director recently bought €462k worth of stock

Third quarter 2021 earnings released: US$0.25 loss per share (vs US$0.73 loss in 3Q 2020)

Forecast to breakeven in 2023

Insider recently sold €174k worth of stock

Second quarter 2021 earnings released: US$0.57 loss per share (vs US$0.30 loss in 2Q 2020)

Sunnova Launches Solar + Storage Lease Service Offerings in Nine States

Insider recently sold €123k worth of stock

First quarter 2021 earnings released: US$0.31 loss per share (vs US$0.85 loss in 1Q 2020)

New 90-day low: €30.60

Full year 2020 earnings released: US$2.87 loss per share (vs US$4.14 loss in FY 2019)

Revenue misses expectations

Sunnova Energy International Inc. (NYSE:NOVA) entered into an agreement to acquire Sunstreet Energy Group, LLC from Lenx, LLC for approximately $350 million.

New 90-day high: €44.20