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Sunnova Energy International (NOVA.Q) Stock Overview
Provides solar energy services in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
NOVA.Q Community Fair Values
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Analyst Price Targets
Sunnova Energy International Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$0.0001 |
| 52 Week High | US$5.87 |
| 52 Week Low | US$0.000001 |
| Beta | 2.68 |
| 1 Month Change | 0% |
| 3 Month Change | -75.00% |
| 1 Year Change | -100.00% |
| 3 Year Change | -100.00% |
| 5 Year Change | -100.00% |
| Change since IPO | -100.00% |
Recent News & Updates
Recent updates
Solar Leases And PPA Services Will Drive Future Success
Sunnova focuses on high-margin services and cost reductions to enhance net margins and earnings, prioritizing margin over growth.Sunnova's 'Going Concern' Warning Is A Red Flag You Can't Ignore
Summary Sunnova Energy faces severe financial distress despite growth in customer acquisition, revenue, and solar deployments, with a stock price plummeting over 60%. The company issued a "going concern" warning, indicating it may not continue operating without major changes like restructuring or securing new capital. Crushing debt load, high financing costs, and cautious tax equity investors exacerbate Sunnova's liquidity crisis, with no clear plan to address upcoming debt maturities. Rating: Strong Sell due to overwhelming financial distress, risk of bankruptcy, and extreme market headwinds, making investment highly risky. Read the full article on Seeking AlphaSunnova: Skyrocketing Debt Fuels Growth, But Margins Remain Under Pressure
Summary Sunnova is one of the leading companies in the residential solar PV system market, along with Sunrun and Tesla. It reported 16.97% YoY growth in the first 9 months of FY24, but margins remain extremely negative. The business model requires a large amount of capital, leading to debt surpassing the $8 billion threshold as of September 2024, exceeding more than 10x the market cap. Sunnova faces multiple risks, some related to the industry, such as extreme competitiveness and structurally low margins, and some others that are specific to itself. Read the full article on Seeking AlphaSunnova Energy: Good Q2, But Highly Leveraged On Debt
Summary Sunnova Energy reported a 32% increase in revenue in Q2 2024, driven by high-margin customers under lease and PPA contracts. Despite a 670% jump in adjusted EBITDA, driven by one-time ITC sales, I still have concerns about the company's long-term stability due to high debt levels. Management's focus on high-margin customers, and raised guidance for 2024 are positive, but I still don't see enough insider buying activity. Given these factors, and more factors that I cover below, my rating for Sunnova Energy is a Hold. Read the full article on Seeking AlphaEarnings Update: Sunnova Energy International Inc. (NYSE:NOVA) Just Reported And Analysts Are Trimming Their Forecasts
It's been a pretty great week for Sunnova Energy International Inc. ( NYSE:NOVA ) shareholders, with its shares surging...Sunnova: Awaiting Financial Enhancement
Summary Sunnova Energy International offers photovoltaic systems to retail customers, providing a wide range of options to meet their needs. The company faced difficulties in FY2023, with increasing debt and poor financial results. Sunnova's financial stability is a concern, with negative operating cash flows and a large amount of debt that may require to be refinanced. Read the full article on Seeking AlphaSunnova: Top Pick In The Residential Solar Market
Summary Sunnova Energy is well-positioned to capitalize on the US residential solar market with its network of regional dealer-installers. The company's Q3 results were in line with expectations, and it has reaffirmed its guidance for 2023 and 2024. Sunnova is expected to continue experiencing rapid sales growth, supported by expansion into new markets and the Inflation Reduction Act. Read the full article on Seeking AlphaSunnova: Strong Customer Growth Trend Makes It A Buy
Summary Sunnova's stock has declined by 67.14% over the past three years, but the company is expanding its customer base and top line. Investing in renewable energy stocks is risky but the long-term trends suggest eventual success for companies in this sector. Sunnova's customer base and cash flow potential are growing, but its bottom line is declining due to heavy investments and increasing operating expenses. Read the full article on Seeking AlphaSunnova Energy International: A Potential Further Downside On Weak Fundamentals
Summary Sunnova Energy International Inc. has experienced a significant decline in its stock price, making it a potential entry point for investors. The company's weak fundamentals, including high debt and poor profitability, make it a risky investment. NOVA is facing headwinds such as high interest rates and supply chain disruptions, which could further impact its financial health and stock performance. Given the weak fundamentals and bearish trajectory, I recommend selling the stock or executing stop-loss orders at about $9.13. Read the full article on Seeking AlphaSunnova Energy International: Potentially Unsustainable Business Model
Summary Sunnova Energy International's business model relies heavily on leasing and loaning solar energy systems to residential customers. NOVA has not shown any profitability and has an unproven business model with a track record of negative operating margins. Sunnova's profitability is susceptible to factors such as interest rates and the company's ability to control costs, and increasing scale has not improved operational cash flow. Barring government incentives and the decarbonization movement, the current environment is hostile to cash-burning businesses such as Sunnova, and I rate this company as a Strong sell. Read the full article on Seeking AlphaSunnova: Not Yet Time To Buy Solar Even As The Renewable Energy Runs Hot
Summary Sunnova has one in four of its shares being shorted. NOVA is experiencing strong year-on-year revenue growth as solar adoption in the US runs hot. However, net losses are material as higher interest expenses disrupt the highly levered business model. Read the full article on Seeking AlphaAn Intrinsic Calculation For Sunnova Energy International Inc. (NYSE:NOVA) Suggests It's 24% Undervalued
Key Insights The projected fair value for Sunnova Energy International is US$21.04 based on Dividend Discount Model...New Forecasts: Here's What Analysts Think The Future Holds For Sunnova Energy International Inc. (NYSE:NOVA)
Sunnova Energy International Inc. ( NYSE:NOVA ) shareholders will have a reason to smile today, with the analysts...Shareholder Returns
| NOVA.Q | US Renewable Energy | US Market | |
|---|---|---|---|
| 7D | 0% | -6.1% | 0.5% |
| 1Y | -100.0% | 9.9% | 25.4% |
Return vs Industry: NOVA.Q underperformed the US Renewable Energy industry which returned 25.2% over the past year.
Return vs Market: NOVA.Q underperformed the US Market which returned 11.9% over the past year.
Price Volatility
| NOVA.Q volatility | |
|---|---|
| NOVA.Q Average Weekly Movement | 779.4% |
| Renewable Energy Industry Average Movement | 7.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.0% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: NOVA.Q's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: NOVA.Q's weekly volatility has increased from 622% to 779% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 1,796 | Paul Mathews | www.sunnova.com |
Sunnova Energy International Inc. provides solar energy services in the United States. The company offers electricity; non-solar financing and loan programs; and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services. As of December 31, 2024, it operated a fleet of residential solar energy systems with a generation capacity of approximately 2,892 megawatts serving over 441,000 customers.
Sunnova Energy International Inc. Fundamentals Summary
| NOVA.Q fundamental statistics | |
|---|---|
| Market cap | US$12.51k |
| Earnings (TTM) | -US$367.89m |
| Revenue (TTM) | US$839.92m |
Is NOVA.Q overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NOVA.Q income statement (TTM) | |
|---|---|
| Revenue | US$839.92m |
| Cost of Revenue | US$559.84m |
| Gross Profit | US$280.09m |
| Other Expenses | US$647.98m |
| Earnings | -US$367.89m |
Last Reported Earnings
Dec 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -2.94 |
| Gross Margin | 33.35% |
| Net Profit Margin | -43.80% |
| Debt/Equity Ratio | 315.1% |
How did NOVA.Q perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/18 08:46 |
| End of Day Share Price | 2025/11/14 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sunnova Energy International Inc. is covered by 12 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Moses Sutton | Barclays |
| Moses Sutton | Barclays |
| Christine Cho | Barclays |