Sunnova Energy International Stock Performance
| NOVA Stock | USD 4.79 0.37 8.37% |
The entity has a beta of 5.11, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sunnova Energy will likely underperform. Sunnova Energy Inter has an expected return of -0.58%. Please make sure to validate Sunnova Energy potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Sunnova Energy Inter performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Sunnova Energy International has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in June 2024. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
Actual Historical Performance (%)
One Day Return 8.37 | Five Day Return 17.11 | Year To Date Return (68.61) | Ten Year Return (57.42) | All Time Return (57.42) |
1 | Levi Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of April 16, 2024 in Sunnova Lawsuit - NOVA | 04/10/2024 |
2 | Sunnova Energy International Inc. Sued for Securities Law Violations - Contact Levi Korsinsky Before April 16, 2024 to Discuss Your Rights - NOVA | 04/15/2024 |
3 | B.Riley cuts Sunnova stock price target as investors await new strategy results | 04/22/2024 |
4 | Tuesdays analyst calls Solar stock downgraded, video game maker to surge going forward | 04/23/2024 |
5 | Sunnova Energy Expected to Beat Earnings Estimates Should You Buy | 04/24/2024 |
6 | Nova Klbburinn hf. Framkvmd endurkaupatlunar viku 17 | 04/29/2024 |
7 | Sunnova Energy International Q1 2024 Earnings Preview | 04/30/2024 |
8 | Sunnova Reports First Quarter 2024 Financial Results | 05/01/2024 |
9 | Why Sunnova Energy Stock Just Jumped 19 | 05/02/2024 |
10 | Sunnova Energy International Inc. Q1 2024 Earnings Call Transcript | 05/03/2024 |
| Begin Period Cash Flow | 545.6 M |
Sunnova |
Sunnova Energy Relative Risk vs. Return Landscape
If you would invest 886.00 in Sunnova Energy International on February 5, 2024 and sell it today you would lose (407.00) from holding Sunnova Energy International or give up 45.94% of portfolio value over 90 days. Sunnova Energy International is currently does not generate positive expected returns and assumes 8.6787% risk (volatility on return distribution) over the 90 days horizon. In different words, 76% of stocks are less volatile than Sunnova, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Sunnova Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunnova Energy's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Sunnova Energy International, and traders can use it to determine the average amount a Sunnova Energy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0672
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| Negative Returns | NOVA |
Estimated Market Risk
| 8.68 actual daily | 76 76% of assets are less volatile |
Expected Return
| -0.58 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Sunnova Energy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sunnova Energy by adding Sunnova Energy to a well-diversified portfolio.
Sunnova Energy Fundamentals Growth
Sunnova Stock prices reflect investors' perceptions of the future prospects and financial health of Sunnova Energy, and Sunnova Energy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Sunnova Stock performance.
| Return On Equity | -0.23 | ||||
| Return On Asset | -0.0134 | ||||
| Profit Margin | (0.57) % | ||||
| Operating Margin | (0.52) % | ||||
| Current Valuation | 8.85 B | ||||
| Shares Outstanding | 123.98 M | ||||
| Price To Earning | 16.71 X | ||||
| Price To Book | 0.34 X | ||||
| Price To Sales | 0.72 X | ||||
| Revenue | 720.65 M | ||||
| Gross Profit | 299.31 M | ||||
| EBITDA | 63.46 M | ||||
| Net Income | (502.43 M) | ||||
| Cash And Equivalents | 412.58 M | ||||
| Cash Per Share | 3.59 X | ||||
| Total Debt | 7.52 B | ||||
| Debt To Equity | 2.85 % | ||||
| Current Ratio | 2.05 X | ||||
| Book Value Per Share | 12.94 X | ||||
| Cash Flow From Operations | (237.56 M) | ||||
| Earnings Per Share | (3.40) X | ||||
| Market Capitalization | 593.87 M | ||||
| Total Asset | 11.34 B | ||||
| Retained Earnings | (228.58 M) | ||||
| Working Capital | (159.04 M) | ||||
| Current Asset | 30.22 M | ||||
| Current Liabilities | 40.43 M | ||||
About Sunnova Energy Performance
To evaluate Sunnova Energy Inter Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Sunnova Energy generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Sunnova Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Sunnova Energy Inter market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Sunnova's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 126.85 | 120.51 | |
| Return On Tangible Assets | (0.04) | (0.04) | |
| Return On Capital Employed | (0.02) | (0.02) | |
| Return On Assets | (0.04) | (0.04) | |
| Return On Equity | (0.27) | (0.29) |
Things to note about Sunnova Energy Inter performance evaluation
Checking the ongoing alerts about Sunnova Energy for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Sunnova Energy Inter help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Sunnova Energy Inter generated a negative expected return over the last 90 days | |
| Sunnova Energy Inter has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 720.65 M. Net Loss for the year was (502.43 M) with profit before overhead, payroll, taxes, and interest of 299.31 M. | |
| Sunnova Energy International currently holds about 412.58 M in cash with (237.56 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.59. | |
| Sunnova Energy Inter has a poor financial position based on the latest SEC disclosures | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Sunnova Energy International Inc. Q1 2024 Earnings Call Transcript |
- Analyzing Sunnova Energy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Sunnova Energy's stock is overvalued or undervalued compared to its peers.
- Examining Sunnova Energy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Sunnova Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Sunnova Energy's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Sunnova Energy's stock. These opinions can provide insight into Sunnova Energy's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Sunnova Energy International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Sunnova Stock analysis
When running Sunnova Energy's price analysis, check to measure Sunnova Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sunnova Energy is operating at the current time. Most of Sunnova Energy's value examination focuses on studying past and present price action to predict the probability of Sunnova Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunnova Energy's price. Additionally, you may evaluate how the addition of Sunnova Energy to your portfolios can decrease your overall portfolio volatility.
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Is Sunnova Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sunnova Energy. If investors know Sunnova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sunnova Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.40) | Revenue Per Share 5.984 | Quarterly Revenue Growth (0.01) | Return On Assets (0.01) | Return On Equity (0.23) |
The market value of Sunnova Energy Inter is measured differently than its book value, which is the value of Sunnova that is recorded on the company's balance sheet. Investors also form their own opinion of Sunnova Energy's value that differs from its market value or its book value, called intrinsic value, which is Sunnova Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sunnova Energy's market value can be influenced by many factors that don't directly affect Sunnova Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sunnova Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sunnova Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sunnova Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.