Sunnova Energy International Stock Today

NOVA Stock  USD 6.57  0.07  1.08%   

Performance

1 of 100

 
Weak
 
Strong
Weak

Odds Of Distress

Less than 49

 
High
 
Low
About Average
Sunnova Energy is trading at 6.57 as of the 11th of October 2024, a 1.08 percent increase since the beginning of the trading day. The stock's open price was 6.5. Sunnova Energy has 49 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Sunnova Energy International are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 11th of September 2024 and ending today, the 11th of October 2024. Click here to learn more.
Business Domain
Utilities
IPO Date
25th of July 2019
Category
Technology
Sunnova Energy International Inc. provides residential energy services in the United States. Sunnova Energy International Inc. was incorporated in 2012 and is headquartered in Houston, Texas. Sunnova Energy operates under Solar classification in the United States and is traded on New York Stock Exchange. The company has 124.86 M outstanding shares of which 36.63 M shares are now shorted by private and institutional investors with about 7.83 trading days to cover. More on Sunnova Energy International

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Sunnova Stock Highlights

ESG Sustainability
Environmental
Governance
Social
ChairmanWilliam Berger
Old NameNovo Nordisk A/S
Business ConcentrationIndependent Power and Renewable Electricity Producers, Utilities, Technology, NYSE Composite, Energy, Utilities, Independent Power and Renewable Electricity Producers, Solar, Technology (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.04490.0635
Way Down
Pretty Stable
Gross Profit Margin0.620.4068
Way Up
Slightly volatile
Net Debt7.7 B7.3 B
Sufficiently Up
Slightly volatile
Total Current Liabilities1.2 B1.1 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total8.5 B8.1 B
Sufficiently Up
Slightly volatile
Total Assets11.9 B11.3 B
Sufficiently Up
Slightly volatile
Total Current Assets534.6 M936.2 M
Way Down
Slightly volatile
Debt Levels
Sunnova Energy can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Sunnova Energy's financial leverage. It provides some insight into what part of Sunnova Energy's total assets is financed by creditors.
Liquidity
Sunnova Energy International currently holds 7.52 B in liabilities with Debt to Equity (D/E) ratio of 2.85, implying the company greatly relies on financing operations through barrowing. Sunnova Energy Inter has a current ratio of 2.01, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Sunnova Energy's use of debt, we should always consider it together with its cash and equity.

Sale Purchase Of Stock

(2.73 Million)
Sunnova Energy International (NOVA) is traded on New York Stock Exchange in USA. It is located in 20 East Greenway Plaza, Houston, TX, United States, 77046 and employs 2,047 people. Sunnova Energy is listed under Independent Power and Renewable Electricity Producers category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 857.82 M. Sunnova Energy Inter conducts business under Independent Power and Renewable Electricity Producers sector and is part of Utilities industry. The entity has 124.86 M outstanding shares of which 36.63 M shares are now shorted by private and institutional investors with about 7.83 trading days to cover. 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.
Check Sunnova Energy Probability Of Bankruptcy
Ownership Allocation
The majority of Sunnova Energy Inter outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Sunnova Energy to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Sunnova Energy Inter. Please pay attention to any change in the institutional holdings of Sunnova Energy International as this could imply that something significant has changed or is about to change at the company.
Check Sunnova Ownership Details

Sunnova Stock Institutional Holders

InstituionRecorded OnShares
Electron Capital Partners, Llc2024-06-30
M
Millennium Management Llc2024-06-30
2.5 M
Geode Capital Management, Llc2024-06-30
2.5 M
Point72 Asset Management, L.p.2024-06-30
2.4 M
Citadel Advisors Llc2024-06-30
2.4 M
Ci Private Wealth Llc2024-06-30
2.3 M
Bank Of America Corp2024-06-30
2.3 M
Goldman Sachs Group Inc2024-06-30
2.2 M
Sourcerock Group Llc2024-06-30
2.1 M
Bnp Paribas Investment Partners Sa2024-06-30
14.1 M
Blackrock Inc2024-06-30
13.2 M
View Sunnova Energy Diagnostics

Sunnova Energy Historical Income Statement

At present, Sunnova Energy's Interest Income is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 390.5 M, whereas Tax Provision is projected to grow to (971.9 K). View More Fundamentals

Sunnova Stock Against Markets

Sunnova Energy Corporate Management

Douglas KimmelmanIndependent DirectorProfile
Michael MorganIndependent DirectorProfile
Jackson IIIExecutive OfficerProfile
Anne AndrewIndependent DirectorProfile
John SalvoExecutive Vice President of Channel Operations and Chief Procurement OfficerProfile
When determining whether Sunnova Energy Inter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sunnova Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sunnova Energy International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sunnova Energy International Stock:
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 closely tied with the direction of predictive economic indicators such as signals in real.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Independent Power and Renewable Electricity Producers space 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
(2.91)
Revenue Per Share
6.321
Quarterly Revenue Growth
0.32
Return On Assets
(0.01)
Return On Equity
(0.20)
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.