NOVA - Sunnova Energy International Inc Stock Price, Fair Value and News

3.93USD+0.11 (+2.88%)Delayed as of 23 Apr 2024, 01:05 pm ET

Market Summary

USD3.93+0.11

Delayedas of 23 Apr 2024, 01:05 pm

2.88%

NOVA Stock Price

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NOVA RSI Chart

NOVA Valuation

Market Cap

467.9M

Price/Earnings (Trailing)

-1.12

Price/Sales (Trailing)

0.65

Price/Free Cashflow

-0.23

NOVA Price/Sales (Trailing)

NOVA Profitability

Return on Equity

-27.37%

Return on Assets

-3.69%

Free Cashflow Yield

-442.47%

NOVA Fundamentals

NOVA Revenue

Revenue (TTM)

720.7M

Rev. Growth (Yr)

-0.72%

Rev. Growth (Qtr)

-2.13%

NOVA Earnings

Earnings (TTM)

-418.0M

Earnings Growth (Yr)

-202.68%

Earnings Growth (Qtr)

-197.15%

Breaking Down NOVA Revenue

52 Week Range

3.7424.56

(Low)(High)

Last 7 days

-6.8%

Last 30 days

-34.0%

Last 90 days

-65.1%

Trailing 12 Months

-78.8%

How does NOVA drawdown profile look like?

NOVA Financial Health

Current Ratio

0.85

Debt/Equity

4.6

Debt/Cashflow

-0.03

NOVA Investor Care

Shares Dilution (1Y)

6.56%

Diluted EPS (TTM)

-3.53

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	653.7M	673.0M	722.1M	720.7M
2022	266.2M	346.7M	427.1M	557.7M
2021	172.3M	196.0M	214.8M	241.8M
2020	134.7M	142.8M	156.4M	160.8M
2019	111.3M	117.0M	123.1M	131.6M
2018	83.7M	90.6M	97.5M	104.4M
2017	0	0	0	76.9M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Sunnova Energy International Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 25, 2024	lane robert lawrence	sold	-39,521	5.89	-6,710	see remarks
Mar 25, 2024	nutting meghan	sold	-16,918	5.8	-2,917	see remarks
Mar 25, 2024	hultberg kelsey	sold	-6,244	5.75	-1,086	see remarks
Mar 25, 2024	grasso michael p	sold	-43,639	5.89	-7,409	see remarks
Mar 22, 2024	hultberg kelsey	acquired	-	-	3,181	see remarks
Mar 22, 2024	nutting meghan	acquired	-	-	6,464	see remarks
Mar 22, 2024	grasso michael p	acquired	-	-	13,980	see remarks
Mar 22, 2024	lane robert lawrence	acquired	-	-	16,874	see remarks
Mar 11, 2024	hultberg kelsey	sold	-37,443	5.33	-7,025	see remarks
Mar 11, 2024	nutting meghan	sold	-52,273	5.48	-9,539	see remarks

Which funds bought or sold NOVA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 19, 2024	First Trust Direct Indexing L.P.	new	-	65,732	65,732	-%
Apr 19, 2024	VALLEY NATIONAL ADVISERS INC	sold off	-100	-1,000	-	-%
Apr 19, 2024	BOURGEON CAPITAL MANAGEMENT LLC	sold off	-100	-31.00	-	-%
Apr 18, 2024	SJS Investment Consulting Inc.	reduced	-76.92	-180	19.00	-%
Apr 18, 2024	Hexagon Capital Partners LLC	unchanged	-	-1,824	1,226	-%
Apr 18, 2024	FF Advisors,LLC	new	-	2,956,140	2,956,140	2.04%
Apr 16, 2024	Moisand Fitzgerald Tamayo, LLC	unchanged	-	-1,203	810	-%
Apr 15, 2024	JANICZEK WEALTH MANAGEMENT, LLC	sold off	-100	-275	-	-%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	sold off	-100	-60,421	-	-%
Apr 12, 2024	Guinness Atkinson Asset Management Inc	reduced	-2.82	-423,241	271,320	0.13%

Are Funds Buying or Selling NOVA?

Are funds buying NOVA calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own NOVA

No. of Funds

Unveiling Sunnova Energy International Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	newlight partners lp	5.31%	6,505,811	SC 13D/A
Feb 13, 2024	vanguard group inc	8.57%	10,486,392	SC 13G/A
Feb 09, 2024	goldman sachs group inc	5.1%	6,277,633	SC 13G
Jan 31, 2024	pictet asset management sa	8.5%	10,410,079	SC 13G
Jan 23, 2024	blackrock inc.	12.7%	15,578,721	SC 13G/A
Jan 10, 2024	bnp paribas asset management uk ltd	9.37%	11,467,313	SC 13G/A
Feb 09, 2023	vanguard group inc	8.42%	9,677,917	SC 13G/A
Jan 31, 2023	bnp paribas asset management uk ltd	10.55%	12,128,254	SC 13G/A
Jan 27, 2023	blackrock inc.	14.3%	16,441,918	SC 13G
Jan 27, 2023	blackrock inc.	14.3%	16,441,918	SC 13G

Recent SEC filings of Sunnova Energy International Inc

View All Filings

Date Filed	Form Type	Document
Apr 12, 2024	DEFA14A	DEFA14A
Apr 04, 2024	DEF 14A	DEF 14A
Apr 03, 2024	8-K	Current Report
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 25, 2024	144	Notice of Insider Sale Intent
Mar 25, 2024	PRE 14A	PRE 14A
Mar 25, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Sunnova Energy International Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
FSLR	18.8B	3.3B	14.98%	-18.72%	22.67	5.68	26.70%	1981.03%
ENPH	15.0B	2.3B	-3.55%	-50.57%	34.19	6.55	-1.72%	10.46%
MID-CAP
SEDG	3.1B	3.0B	-15.73%	-82.92%	90.73	1.05	-4.30%	-63.39%
RUN	2.2B	2.3B	-11.37%	-52.41%	-1.38	0.98	-2.65%	-1025.44%
SMALL-CAP
BEEM	85.6B	67.4M	-11.09%	-41.35%	-5.3K	1.3K	86.60%	18.40%
ARRY	1.8B	1.6B	-14.61%	-44.62%	12.89	1.12	-3.72%	2996.57%
SHLS	1.4B	488.9M	-30.28%	-61.52%	33.49	2.83	49.55%	-68.23%
SPWR	375.3M	1.8B	-21.82%	-84.65%	-3.38	0.22	14.74%	-307.59%
FTCI	49.0M	127.0M	-14.89%	-85.07%	-0.97	0.39	3.20%	49.51%
SUNW	1.7M	154.9M	-	-97.50%	-0.02	0.01	10.63%	-80.26%
ASTI	379.4K	458.3K	-74.36%	-64.29%	-0.02	0.83	-62.52%	13.59%

Sunnova Energy International Inc News

Latest updates

Sunnova Energy International Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-2.1%	194	198	166	162	196	149	147	66.00	65.00	69.00	67.00	41.00	38.00	50.00	43.00	30.00	34.00	37.00	35.00	27.00	25.00
Costs and Expenses	22.9%	291	237	226	210	212	177	150	100	74.00	77.00	81.00	65.00	56.00	49.00	48.00	44.00	43.00	43.00	37.00	31.00	38.00
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43.00	37.00	-	-
S&GA Expenses	4.2%	116	112	101	101	88.00	76.00	68.00	70.00	60.00	53.00	48.00	42.00	31.00	29.00	28.00	28.00	27.00	29.00	24.00	19.00	18.00
Interest Expenses	-20.3%	71.00	89.00	55.00	69.00	37.00	44.00	24.00	37.00	1.00	27.00	50.00	28.00	-39.97	30.00	31.00	67.00	8.00	31.00	37.00	32.00	26.00
Income Taxes	106.5%	1.00	-9.32	7.00	1.00	4.00	-	-	-	0.00	0.00	-	-	0.00	0.00	-	-	-	-	-	-	-
Net Income	-197.1%	-187	-63.15	-86.09	-81.08	-61.99	-64.54	-41.14	-35.06	-14.21	-27.54	-63.40	-32.98	-128	-64.18	-25.26	-71.07	-13.76	-34.37	-49.81	-35.50	-39.10
Net Income Margin	-43.3%	-0.58*	-0.40*	-0.44*	-0.38*	-0.36*	-0.36*	-0.34*	-0.53*	-0.57*	-1.18*	-1.48*	-1.46*	-	-	-	-	-	-	-	-	-
Free Cashflow	3.3%	-560	-579	-472	-458	-298	-360	-312	-230	-272	-143	-179	-167	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	5.2%	11,341	10,785	9,607	8,902	8,337	7,650	6,688	5,928	5,504	5,060	4,566	3,757	3,588	3,154	2,868	2,682	2,487	2,150	1,953	1,809	1,665
Current Assets	-5.8%	936	994	747	828	948	937	671	563	616	718	640	377	457	309	287	280	274	126	109	0.00	90.00
Cash Equivalents	-54.5%	213	468	187	211	360	540	364	325	392	520	469	263	378	212	184	169	150	109	99.00	79.00	87.00
Net PPE	10.2%	5,639	5,119	4,513	4,054	3,785	3,537	3,288	3,057	2,910	2,738	2,591	2,446	2,323	2,173	2,006	1,885	1,745	1,620	1,500	-	1,328
Goodwill	-100.0%	-	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	4.00	4.00	-	-	-	-	-	-	-	-	-
Liabilities	7.3%	9,212	8,583	7,619	6,955	6,449	5,896	4,910	4,276	3,883	3,568	3,154	2,396	2,307	2,143	1,968	1,848	1,669	1,367	1,404	-	1,078
Current Liabilities	26.1%	1,095	869	580	528	542	458	388	346	311	263	239	217	211	186	190	191	195	131	159	-	95.00
Long Term Debt	4.8%	7,031	6,711	6,124	5,621	5,195	4,807	3,986	3,462	3,136	2,932	2,593	1,995	1,925	1,795	1,629	1,512	1,346	-	-	-	-
LT Debt, Current	2.8%	483	470	242	209	214	191	166	155	130	119	128	116	111	110	114	101	97.00	-	-	-	-
LT Debt, Non Current	4.8%	7,031	6,711	6,124	5,621	5,195	4,807	3,986	3,462	3,136	2,932	2,593	1,995	1,925	1,795	1,629	1,512	1,346	-	-	-	-
Shareholder's Equity	-2.0%	1,527	1,558	1,888	1,767	1,273	1,592	1,621	1,506	1,476	1,350	1,272	1,224	1,145	875	767	704	691	662	442	473	501
Retained Earnings	-19.4%	-228	-191	-272	-366	-364	-395	-382	-425	-459	-505	-529	-524	-530	-476	-426	-418	-361	-365	-347	-	-286
Additional Paid-In Capital	0.3%	1,755	1,749	1,662	1,646	1,638	1,634	1,678	1,657	1,649	1,601	1,597	1,547	1,483	1,199	1,088	1,011	1,008	992	86.00	0.00	85.00
Shares Outstanding	1.2%	118	117	116	115	114	115	115	113	111	112	112	106	-	-	-	-	-	-	-	-	-
Minority Interest	-16.1%	436	520	498	488	449	354	326	274	287	255	206	201	193	153	-	-	45.00	-	-	-	-
Float	-	-	-	2,100	-	-	-	2,100	-	-	-	3,500	-	-	-	572	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-249.2%	-42.77	-12.25	-13.21	-169	-67.63	-103	-70.21	-92.13	-62.38	-36.16	-60.78	-49.91	-29.67	-18.87	-24.82	-58.11	-95.72	-18.84	-31.26	-24.43	14.00
Share Based Compensation	4.2%	6.00	5.00	5.00	10.00	4.00	4.00	5.00	11.00	3.00	3.00	3.00	8.00	2.00	2.00	3.00	3.00	2.00	6.00	1.00	0.00	1.00
Cashflow From Investing	9.0%	-652	-717	-649	-524	-530	-557	-536	-357	-394	-337	-282	-226	-235	-236	-173	-184	-178	-172	-124	-92.68	-89.02
Cashflow From Financing	-55.7%	465	1,049	648	569	604	837	646	383	328	425	549	162	431	283	213	261	315	201	176	109	62.00

NOVA Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 720,653	$ 557,690	$ 241,752
Operating expense:
Cost of revenue—depreciation	130,261	96,280	76,474
Cost of revenue—inventory sales	176,371	178,310	0
Cost of revenue—other	120,865	52,487	21,834
Operations and maintenance	96,997	36,679	19,583
General and administrative	430,422	302,004	204,236
Goodwill impairment	13,150	0	0
Other operating income	(3,978)	(26,566)	(25,485)
Total operating expense, net	964,088	639,194	296,642
Operating loss	(243,435)	(81,504)	(54,890)
Interest expense, net	371,937	107,775	116,248
Interest income	(115,872)	(59,799)	(34,228)
Loss on extinguishment of long-term debt, net	0	0	9,824
Other (income) expense	3,949	(3,090)	516
Loss before income tax	(503,449)	(126,390)	(147,250)
Income tax (benefit) expense	(1,023)	3,886	260
Net loss	(502,426)	(130,276)	(147,510)
Net income (loss) attributable to redeemable noncontrolling interests and noncontrolling interests	(84,465)	31,366	(9,382)
Net loss attributable to stockholders	$ (417,961)	$ (161,642)	$ (138,128)
Net loss per share attributable to stockholders - basic (in USD per share)	$ (3.53)	$ (1.41)	$ (1.25)
Net loss per share attributable to stockholders - diluted (in USD per share)	$ (3.53)	$ (1.41)	$ (1.25)
Weighted average common shares outstanding - basic (in shares)	118,344,728	114,451,034	110,881,630
Weighted average common shares outstanding - diluted (in shares)	118,344,728	114,451,034	110,881,630

NOVA Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Current assets:

Cash and cash equivalents

$ 212,832

$ 360,257

Accounts receivable—trade, net

40,767

24,435

Accounts receivable—other

253,350

212,397

Other current assets, net of allowance of $4,659 and $3,250 as of December 31, 2023 and 2022, respectively

429,299

351,300

Total current assets

936,248

948,389

Property and equipment, net

5,638,794

3,784,801

Customer notes receivable, net of allowance of $111,818 and $77,998 as of December 31, 2023 and 2022, respectively

3,735,986

2,466,149

Intangible assets, net

134,058

162,512

Goodwill

13,150

Other assets

895,885

961,891

Total assets

^[1]

11,340,971

8,336,892

Current liabilities:

Accounts payable

355,791

116,136

Accrued expenses

122,355

139,873

Current portion of long-term debt

483,497

214,431

Other current liabilities

133,649

71,506

Total current liabilities

1,095,292

541,946

Long-term debt, net

7,030,756

5,194,755

Other long-term liabilities

1,086,011

712,741

Total liabilities

^[1]

9,212,059

6,449,442

Commitments and contingencies

Redeemable noncontrolling interests

165,872

165,737

Stockholders' equity:

Common stock, 122,466,515 and 114,939,079 shares issued as of December 31, 2023 and 2022, respectively, at $0.0001 par value

Additional paid-in capital—common stock

1,755,461

1,637,847

Accumulated deficit

(228,583)

(364,782)

Total stockholders' equity

1,526,890

1,273,076

Noncontrolling interests

436,150

448,637

Total equity

1,963,040

1,721,713

Total liabilities, redeemable noncontrolling interests and equity

$ 11,340,971

$ 8,336,892

[1]

The consolidated assets as of December 31, 2023 and 2022 include $5,297,816 and $3,201,271, respectively, of assets of variable interest entities ("VIEs") that can only be used to settle obligations of the VIEs. These assets include cash of $54,674 and $40,382 as of December 31, 2023 and 2022, respectively; accounts receivable—trade, net of $13,860 and $8,542 as of December 31, 2023 and 2022, respectively; accounts receivable—other of $187,607 and $810 as of December 31, 2023 and 2022, respectively; other current assets of $693,772 and $422,364 as of December 31, 2023 and 2022, respectively; property and equipment, net of $4,273,478 and $2,680,587 as of December 31, 2023 and 2022, respectively; and other assets of $74,425 and $48,586 as of December 31, 2023 and 2022, respectively. The consolidated liabilities as of December 31, 2023 and 2022 include $278,016 and $66,441, respectively, of liabilities of VIEs whose creditors have no recourse to Sunnova Energy International Inc. These liabilities include accounts payable of $197,072 and $9,015 as of December 31, 2023 and 2022, respectively; accrued expenses of $157 and $287 as of December 31, 2023 and 2022, respectively; other current liabilities of $7,269 and $4,420 as of December 31, 2023 and 2022, respectively; and other long-term liabilities of $73,518 and $52,719 as of December 31, 2023 and 2022, respectively.

About Sunnova Energy International Inc

Sunnova Energy International Inc. provides energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services. As of December 31, 2022, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,627 megawatts serving over 279,000 customers. Sunnova Energy International Inc. was incorporated in 2012 and is headquartered in Houston, Texas.

CEO	Mr. William Jackson Berger
WEBSITE	sunnova.com
INDUSTRY	Solar
EMPLOYEES	1170

Sunnova Energy International Inc Frequently Asked Questions

What is the ticker symbol for Sunnova Energy International Inc? What does NOVA stand for in stocks?

NOVA is the stock ticker symbol of Sunnova Energy International Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Sunnova Energy International Inc (NOVA)?

As of Mon Apr 22 2024, market cap of Sunnova Energy International Inc is 467.89 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NOVA stock?

You can check NOVA's fair value in chart for subscribers.

What is the fair value of NOVA stock?

You can check NOVA's fair value in chart for subscribers. The fair value of Sunnova Energy International Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Sunnova Energy International Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NOVA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Sunnova Energy International Inc a good stock to buy?

The fair value guage provides a quick view whether NOVA is over valued or under valued. Whether Sunnova Energy International Inc is cheap or expensive depends on the assumptions which impact Sunnova Energy International Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NOVA.

What is Sunnova Energy International Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 22 2024, NOVA's PE ratio (Price to Earnings) is -1.12 and Price to Sales (PS) ratio is 0.65. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NOVA PE ratio will change depending on the future growth rate expectations of investors.