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Upturn stock ratingUpturn stock rating
NOVA logo

Sunnova Energy International Inc (NOVA)

Upturn stock ratingUpturn stock rating
$1.9
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

02/13/2025: NOVA (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -51.34%
Avg. Invested days 25
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/13/2025

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 -

ai summary icon Upturn AI SWOT

Sunnova Energy International Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

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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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 1796

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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