Sunnova Energy International
Market Cap
US$4.7b
Last Updated
2021/03/03 00:54 UTC
Data Sources
Company Financials +
Executive Summary
Sunnova Energy International Inc., together with its subsidiaries, provides residential solar and energy storage services in the United States. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
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
| NOVA | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | -7.8% | -0.7% |
| 30 Day | -0.4% | -5.6% | 4.3% |
| 90 Day | 13.1% | 10.5% | 8.1% |
| 1 Year | 122.5%122.5% | 35.8%31.7% | 39.6%36.6% |
| 3 Year | n/a | 72.6%58.7% | 53.5%43.7% |
| 5 Year | n/a | 188.9%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
5 days ago | Simply Wall St
Would Sunnova Energy International (NYSE:NOVA) Be Better Off With Less Debt?1 month ago | Simply Wall St
Sunnova Energy International Inc. (NYSE:NOVA) Insiders Increased Their Holdings2 months ago | Simply Wall St
How Much Of Sunnova Energy International Inc. (NYSE:NOVA) Do Institutions Own?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.92yrs | US$14.25m | 0.29% $ 13.7m | |
| Executive VP & CFO | 1.83yrs | US$1.33m | 0.028% $ 1.3m | |
| Executive Vice President of Technology & Service Operations | 2.92yrs | US$1.57m | 0.010% $ 481.8k | |
| Executive VP | 2.92yrs | US$1.34m | 0.060% $ 2.8m | |
| Executive VP of Channel Operations & Chief Procurement Officer | 2.92yrs | US$1.20m | 0.0093% $ 440.3k | |
| Investor Relation Officer | no data | no data | no data | |
| Executive Vice President of Policy & Communications | 2.92yrs | no data | 0.0050% $ 237.8k | |
| Executive VP & Chief Marketing Officer | 2.92yrs | no data | 0.012% $ 561.6k | |
| Executive Vice President of Human Resources | 2.75yrs | no data | 0.036% $ 1.7m | |
| Treasurer | no data | no data | no data |
2.9yrs
Average Tenure
52yo
Average Age
Experienced Management: NOVA's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.92yrs | US$14.25m | 0.29% $ 13.7m | |
| Independent Director | 1.75yrs | no data | 0.010% $ 490.8k | |
| Independent Director | 1.75yrs | no data | no data | |
| Independent Director | 1.75yrs | no data | no data | |
| Lead Independent Director | no data | no data | no data | |
| Director | no data | no data | no data | |
| Independent Director | 0.42yr | no data | no data | |
| Independent Director | 0.25yr | no data | 0.021% $ 997.2k | |
| Independent Director | 1.42yrs | US$130.00k | 0.028% $ 1.3m | |
| Independent Director | 1.75yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 7SE | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2019 |
| NOVA | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 00:54 |
| End of Day Share Price | 2021/03/02 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.