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Sunnova Energy International Inc (NOVA)



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Upturn Advisory Summary
02/13/2025: NOVA (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -51.34% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 41.25M USD | Price to earnings Ratio - | 1Y Target Price 2.22 |
Price to earnings Ratio - | 1Y Target Price 2.22 | ||
Volume (30-day avg) 9864126 | Beta 2.64 | 52 Weeks Range 0.25 - 13.00 | Updated Date 04/1/2025 |
52 Weeks Range 0.25 - 13.00 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.96 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -43.8% | Operating Margin (TTM) -45.69% |
Management Effectiveness
Return on Assets (TTM) -1.29% | Return on Equity (TTM) -18.6% |
Valuation
Trailing PE - | Forward PE 100 | Enterprise Value 9174769664 | Price to Sales(TTM) 0.06 |
Enterprise Value 9174769664 | Price to Sales(TTM) 0.06 | ||
Enterprise Value to Revenue 9.88 | Enterprise Value to EBITDA 53.07 | Shares Outstanding 125082000 | Shares Floating 103485308 |
Shares Outstanding 125082000 | Shares Floating 103485308 | ||
Percent Insiders 2.62 | Percent Institutions 108.45 |
Analyst Ratings
Rating 4 | Target Price 10.03 | Buy 5 | Strong Buy 11 |
Buy 5 | Strong Buy 11 | ||
Hold 9 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Sunnova Energy International Inc

Company Overview
History and Background
Sunnova Energy International Inc. was founded in 2005. Initially focused on the Texas market, it expanded nationally, focusing on providing solar and energy storage solutions to homeowners through a network of dealers.
Core Business Areas
- Residential Solar and Storage Services: Sunnova provides solar and energy storage solutions to homeowners, including system design, installation, monitoring, and maintenance services.
- Financing Solutions: Sunnova offers various financing options to homeowners, including leases, power purchase agreements (PPAs), and loans.
- Energy as a Service: Sunnova strives to provide end-to-end comprehensive residential energy solutions which includes installation of various energy-efficient devices.
Leadership and Structure
John Berger is the CEO and founder. The company has a typical corporate structure with departments covering finance, operations, sales, marketing, and technology. Board of Directors oversee the leadership and strategy.
Top Products and Market Share
Key Offerings
- Residential Solar Systems: Sunnova designs, sells, and installs residential solar systems. Market share data for specific solar system types is harder to pinpoint. Key competitors include Tesla (TSLA), SunPower (SPWR), and local/regional installers. Revenue from solar is the bulk of their income.
- competitors: Tesla (TSLA),SunPower (SPWR)
- Energy Storage Solutions (Sunnova Energy Storage): Sunnova offers energy storage solutions, primarily batteries, that can be integrated with solar systems. The residential battery market is growing rapidly. Tesla's Powerwall is a major competitor. Revenue from battery sales/ leases are significant but smaller than solar.
- competitors: Tesla (TSLA),Enphase Energy (ENPH)
- Add-on Energy Devices: Sunnova offers heat pump, water heater and EV charger upgrades to homeowners with solar systems.
- competitors: Tesla (TSLA),Lennox(LII),Generac (GNRC)
Market Dynamics
Industry Overview
The residential solar industry is experiencing strong growth driven by increasing consumer awareness, government incentives, and declining solar panel costs. The industry is competitive and fragmented.
Positioning
Sunnova positions itself as a provider of comprehensive energy solutions with a focus on customer service and innovative financing options. Its competitive advantage lies in its dealer network and financing expertise.
Total Addressable Market (TAM)
The estimated TAM for residential solar is in the hundreds of billions of dollars globally. Sunnova is positioned to capture a portion of this market through its partnerships and product offerings.
Upturn SWOT Analysis
Strengths
- Strong dealer network
- Innovative financing options
- Comprehensive energy solutions offering
- Brand Recognition
- Scalable business model
Weaknesses
- High debt levels
- Dependence on tax credits and incentives
- Negative profitability
- Complex financial products can be hard to scale
Opportunities
- Expanding into new markets
- Developing new energy storage solutions
- Increasing adoption of electric vehicles
- Government support for renewable energy
- Partnerships with home builders
Threats
- Changes in government regulations and incentives
- Increased competition
- Economic downturn
- Supply chain disruptions
- Rising interest rates
Competitors and Market Share
Key Competitors
- TSLA
- SPWR
- SEDG
- ENPH
- RUN
Competitive Landscape
Sunnova's advantages include its dealer network and financing expertise. Disadvantages include its high debt levels and lack of profitability compared to some competitors like SEDG and ENPH.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Sunnova has experienced significant revenue growth in recent years, driven by increasing demand for solar and storage solutions.
Future Projections: Analyst estimates suggest continued revenue growth for Sunnova, but profitability remains a challenge.
Recent Initiatives: Recent initiatives include expanding its dealer network, launching new financing products, and developing new energy storage solutions.
Summary
Sunnova demonstrates promising growth in the residential solar and storage market, driven by its innovative financing and dealer network. However, high debt and dependence on incentives pose significant risks. The company needs to improve its profitability to ensure long-term sustainability and compete more effectively against larger players. Market share has shown the company to be very small compared to its competition. Its success hinges on navigating regulatory changes and effectively managing its financial health.
Similar Companies

ARRY

Array Technologies Inc



ARRY

Array Technologies Inc

ENPH

Enphase Energy Inc



ENPH

Enphase Energy Inc

RUN

Sunrun Inc



RUN

Sunrun Inc

SEDG

SolarEdge Technologies Inc



SEDG

SolarEdge Technologies Inc
SPWR

SunPower Corporation


SPWR

SunPower Corporation

TSLA

Tesla Inc



TSLA

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Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
- Company Website
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share data is approximate and may vary based on source. Financial data needs to be manually verified.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sunnova Energy International Inc
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 2019-07-25 | President, CEO & Director Mr. Paul S. Mathews | ||
Sector Technology | Industry Solar | Full time employees 1796 | Website https://www.sunnova.com |
Full time employees 1796 | Website https://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. was founded in 2012 and is headquartered in Houston, Texas.
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