NYSE:NOVA

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Sunnova Energy International

Executive Summary

Sunnova Energy International Inc., together with its subsidiaries, provides residential solar and energy storage services in the United States. More Details


Snowflake Analysis

Limited growth with worrying balance sheet.


Similar Companies

Share Price & News

How has Sunnova Energy International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NOVA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: NOVA's weekly volatility (11%) has been stable over the past year.


Market Performance


7 Day Return

2.5%

NOVA

-7.8%

US Renewable Energy

-0.7%

US Market


1 Year Return

122.5%

NOVA

31.7%

US Renewable Energy

36.6%

US Market

Return vs Industry: NOVA exceeded the US Renewable Energy industry which returned 31.7% over the past year.

Return vs Market: NOVA exceeded the US Market which returned 36.6% over the past year.


Shareholder returns

NOVAIndustryMarket
7 Day2.5%-7.8%-0.7%
30 Day-0.4%-5.6%4.3%
90 Day13.1%10.5%8.1%
1 Year122.5%122.5%35.8%31.7%39.6%36.6%
3 Yearn/a72.6%58.7%53.5%43.7%
5 Yearn/a188.9%139.9%123.7%98.8%

Long-Term Price Volatility Vs. Market

How volatile is Sunnova Energy International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sunnova Energy International undervalued compared to its fair value and its price relative to the market?

4.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NOVA ($43.67) is trading above our estimate of fair value ($19.92)

Significantly Below Fair Value: NOVA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NOVA is unprofitable, so we can't compare its PE Ratio to the US Renewable Energy industry average.

PE vs Market: NOVA is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NOVA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NOVA is overvalued based on its PB Ratio (4.6x) compared to the US Renewable Energy industry average (2.8x).


Next Steps

Future Growth

How is Sunnova Energy International forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

37.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOVA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: NOVA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: NOVA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: NOVA's revenue (25% per year) is forecast to grow faster than the US market (10.3% per year).

High Growth Revenue: NOVA's revenue (25% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NOVA is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Sunnova Energy International performed over the past 5 years?

-49.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: NOVA is currently unprofitable.

Growing Profit Margin: NOVA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NOVA's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare NOVA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NOVA is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-62.3%).


Return on Equity

High ROE: NOVA has a negative Return on Equity (-24.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sunnova Energy International's financial position?


Financial Position Analysis

Short Term Liabilities: NOVA's short term assets ($456.7M) exceed its short term liabilities ($210.9M).

Long Term Liabilities: NOVA's short term assets ($456.7M) do not cover its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: NOVA's debt to equity ratio (160%) is considered high.

Reducing Debt: Insufficient data to determine if NOVA's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NOVA has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NOVA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 40.6% each year


Next Steps

Dividend

What is Sunnova Energy International current dividend yield, its reliability and sustainability?

1.91%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NOVA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NOVA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NOVA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NOVA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NOVA's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

John Berger (46 yo)

1.92yrs

Tenure

US$14,247,811

Compensation

Mr. William Jackson Berger, also known as John, serves as Chief Executive Officer of Sunnova Energy Corp. Mr. Berger is Founder, Chairman of the Board, President and Chief Executive Officer of Sunnova Ener...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD14.25M) is above average for companies of similar size in the US market ($USD4.96M).

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


Leadership Team

NamePositionTenureCompensationOwnership
William Berger
Chairman1.92yrsUS$14.25m0.29%
$ 13.7m
Robert Lane
Executive VP & CFO1.83yrsUS$1.33m0.028%
$ 1.3m
Kris Hillstrand
Executive Vice President of Technology & Service Operations2.92yrsUS$1.57m0.010%
$ 481.8k
Walter Baker
Executive VP2.92yrsUS$1.34m0.060%
$ 2.8m
John T. Salvo
Executive VP of Channel Operations & Chief Procurement Officer2.92yrsUS$1.20m0.0093%
$ 440.3k
Rodney McMahan
Investor Relation Officerno datano datano data
Meghan Nutting
Executive Vice President of Policy & Communications2.92yrsno data0.0050%
$ 237.8k
Michael Grasso
Executive VP & Chief Marketing Officer2.92yrsno data0.012%
$ 561.6k
Stuart Allen
Executive Vice President of Human Resources2.75yrsno data0.036%
$ 1.7m
Christopher Smith
Treasurerno datano datano data

2.9yrs

Average Tenure

52yo

Average Age

Experienced Management: NOVA's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
William Berger
Chairman1.92yrsUS$14.25m0.29%
$ 13.7m
Michael Morgan
Independent Director1.75yrsno data0.010%
$ 490.8k
C. Shaper
Independent Director1.75yrsno datano data
Douglas Kimmelman
Independent Director1.75yrsno datano data
Rahman D'Argenio
Lead Independent Directorno datano datano data
Christopher Leininger
Directorno datano datano data
Nora Brownell
Independent Director0.42yrno datano data
Akbar Mohamed
Independent Director0.25yrno data0.021%
$ 997.2k
Anne Andrew
Independent Director1.42yrsUS$130.00k0.028%
$ 1.3m
Mark Longstreth
Independent Director1.75yrsno datano data

1.8yrs

Average Tenure

51yo

Average Age

Experienced Board: NOVA's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.6%.


Top Shareholders

Company Information

Sunnova Energy International Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sunnova Energy International Inc.
  • Ticker: NOVA
  • Exchange: NYSE
  • Founded: 2012
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: US$4.719b
  • Shares outstanding: 108.07m
  • Website: https://www.sunnova.com

Number of Employees


Location

  • Sunnova Energy International Inc.
  • 20 East Greenway Plaza
  • Suite 475
  • Houston
  • Texas
  • 77046
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
7SEDB (Deutsche Boerse AG)YesCommon StockDEEURJul 2019
NOVANYSE (New York Stock Exchange)YesCommon StockUSUSDJul 2019

Biography

Sunnova Energy International Inc., together with its subsidiaries, provides residential solar and energy storage services in the United States. The company offers operations and maintenance, monitoring, re...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 00:54
End of Day Share Price2021/03/02 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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 here.