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

4.03USD-0.39 (-8.82%)Delayed as of 08 May 2024, 01:05 pm ET

Market Summary

USD4.03-0.39

Delayedas of 08 May 2024, 01:05 pm

-8.82%

NOVA Alerts

Losses in recent quarter

NOVA Stock Price

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NOVA RSI Chart

NOVA Valuation

Market Cap

548.0M

Price/Earnings (Trailing)

-1.35

Price/Sales (Trailing)

0.76

Price/Free Cashflow

-0.26

NOVA Price/Sales (Trailing)

NOVA Profitability

Return on Equity

-19.06%

Return on Assets

-3.44%

Free Cashflow Yield

-378.84%

NOVA Fundamentals

NOVA Revenue

Revenue (TTM)

719.9M

Rev. Growth (Yr)

-0.49%

Rev. Growth (Qtr)

-17.14%

NOVA Earnings

Earnings (TTM)

-406.8M

Earnings Growth (Yr)

13.72%

Earnings Growth (Qtr)

62.72%

Breaking Down NOVA Revenue

52 Week Range

4.0324.56

(Low)(High)

Last 7 days

5.0%

Last 30 days

-7.5%

Last 90 days

-57.3%

Trailing 12 Months

-71.4%

How does NOVA drawdown profile look like?

NOVA Financial Health

Current Ratio

0.74

Debt/Equity

3.41

Debt/Cashflow

-0.02

NOVA Investor Care

Shares Dilution (1Y)

6.61%

Diluted EPS (TTM)

-3.4

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	719.9M	0	0	0
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

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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>

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Russell 2000 Index: $10,334
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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
May 06, 2024	BANQUE PICTET & CIE SA	sold off	-100	-11,742,500	-	-%
May 06, 2024	Portfolio Strategies, Inc.	sold off	-100	-260,409	-	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-18,300	-	-%
May 06, 2024	DiNuzzo Private Wealth, Inc.	unchanged	-	-64.00	43.00	-%
May 06, 2024	NewEdge Wealth, LLC	unchanged	-	-129,646	52,912	-%
May 06, 2024	SG Americas Securities, LLC	added	43.62	-157,000	216,000	-%
May 06, 2024	Quantbot Technologies LP	reduced	-9.45	-1,036,000	592,838	0.03%
May 06, 2024	Manchester Capital Management LLC	sold off	-100	-28,930	-	-%
May 06, 2024	Jefferies Financial Group Inc.	reduced	-65.53	-521,319	525,576	-%
May 06, 2024	Parallel Advisors, LLC	sold off	-100	-3,462	-	-%

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

NOVA Alerts

Losses in recent quarter

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
May 02, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 29, 2024	8-K	Current Report
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

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	20.8B	3.6B	11.49%	9.70%	20.33	5.85	27.28%	2360.58%
ENPH	15.6B	1.8B	2.34%	-29.63%	56.65	8.55	-30.11%	-43.96%
MID-CAP
SEDG	3.4B	3.0B	-11.98%	-79.88%	97.68	1.13	-4.30%	-63.39%
RUN	2.6B	2.3B	-0.68%	-31.65%	-1.61	1.14	-2.65%	-1025.44%
SMALL-CAP
BEEM	92.4B	67.4M	-	-35.33%	-5.8K	1.4K	86.60%	18.40%
ARRY	2.0B	1.6B	-2.97%	-28.24%	14.76	1.28	-3.72%	2996.57%
SHLS	1.5B	474.7M	-15.32%	-55.43%	51.48	3.16	30.38%	-79.56%
SPWR	408.6M	1.8B	-12.03%	-79.38%	-3.38	0.22	14.74%	-307.59%
FTCI	71.6M	127.0M	3.64%	-78.41%	-1.42	0.56	3.20%	49.51%
SUNW	1.7M	154.9M	-	-97.50%	-0.02	0.01	10.63%	-80.26%
ASTI	379.4K	458.3K	-67.74%	-60.00%	-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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-17.1%	161	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
Costs and Expenses	-15.7%	245	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
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43.00	37.00	-
S&GA Expenses	-100.0%	-	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
Interest Expenses	47.8%	105	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
Income Taxes	-7165.4%	-43.03	1.00	-9.32	7.00	1.00	4.00	-	-	-	0.00	0.00	-	-	0.00	0.00	-	-	-	-	-	-
Net Income	62.7%	-69.96	-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
Net Income Margin	2.6%	-0.57*	-0.58*	-0.40*	-0.44*	-0.38*	-0.36*	-0.36*	-0.34*	-0.53*	-0.57*	-1.18*	-1.48*	-	-	-	-	-	-	-	-	-
Free Cashflow	17.1%	-464	-560	-579	-472	-458	-298	-360	-312	-230	-272	-143	-179	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	4.2%	11,816	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
Current Assets	-12.7%	817	936	994	747	828	948	937	671	563	616	718	640	377	457	309	287	280	274	126	109	0.00
Cash Equivalents	129.1%	488	213	468	187	211	360	540	364	325	392	520	469	263	378	212	184	169	150	109	99.00	79.00
Net PPE	7.2%	6,042	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	-
Goodwill	-	-	-	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	4.00	4.00	-	-	-	-	-	-	-	-
Liabilities	3.1%	9,494	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	-
Current Liabilities	0.7%	1,102	1,095	869	580	528	542	458	388	346	311	263	239	217	211	186	190	191	195	131	159	-
Long Term Debt	3.5%	7,274	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	2.1%	493	483	470	242	209	214	191	166	155	130	119	128	116	111	110	114	101	97.00	-	-	-
LT Debt, Non Current	-100.0%	-	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	39.8%	2,134	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
Retained Earnings	28.7%	-162	-228	-191	-272	-366	-364	-395	-382	-425	-459	-505	-529	-524	-530	-476	-426	-418	-361	-365	-347	-
Additional Paid-In Capital	0.7%	1,767	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
Shares Outstanding	3.8%	123	118	117	116	115	114	115	115	113	111	112	112	-	-	-	-	-	-	-	-	-
Minority Interest	21.6%	530	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-53.5%	-65.64	-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
Share Based Compensation	137.4%	14.00	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
Cashflow From Investing	29.7%	-458	-652	-717	-649	-524	-530	-557	-536	-357	-394	-337	-282	-226	-235	-236	-173	-184	-178	-172	-124	-92.68
Cashflow From Financing	11.3%	517	465	1,049	648	569	604	837	646	383	328	425	549	162	431	283	213	261	315	201	176	109

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NOVA Income Statement

2024-03-31

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenue	$ 160,904	$ 161,696
Operating expense:
Cost of revenue—depreciation	42,156	28,197
Cost of revenue—inventory sales	21,892	51,779
Cost of revenue—other	39,348	19,224
Operations and maintenance	36,945	10,739
General and administrative	117,111	101,261
Other operating income	(12,326)	(723)
Total operating expense, net	245,126	210,477
Operating loss	(84,222)	(48,781)	$ (81,500)
Interest expense, net	84,601	85,607
Interest income	(35,696)	(24,788)
Other (income) expense	(24)	236
Loss before income tax	(133,103)	(109,836)
Income tax (benefit) expense	(43,028)	510
Net loss	(90,075)	(110,346)	$ (130,300)
Net loss attributable to redeemable noncontrolling interests and noncontrolling interests	(20,115)	(29,263)
Net loss attributable to stockholders	$ (69,960)	$ (81,083)
Net loss per share attributable to stockholders - basic (in USD per share)	$ (0.57)	$ (0.70)
Net loss per share attributable to stockholders - diluted (in USD per share)	$ (0.57)	$ (0.70)
Weighted average common shares outstanding - basic (in shares)	122,894,548	115,073,975
Weighted average common shares outstanding - diluted (in shares)	122,894,548	115,073,975

NOVA Balance Sheet

2024-03-31

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Current assets:

Cash and cash equivalents

$ 231,711

$ 212,832

Accounts receivable—trade, net

35,756

40,767

Accounts receivable—other

163,724

253,350

Other current assets, net of allowance of $4,649 and $4,659 as of March 31, 2024 and December 31, 2023, respectively

386,222

429,299

Total current assets

817,413

936,248

Property and equipment, net

6,042,158

5,638,794

Customer notes receivable, net of allowance of $111,576 and $111,818 as of March 31, 2024 and December 31, 2023, respectively

3,890,835

3,735,986

Intangible assets, net

126,539

134,058

Other assets

938,629

895,885

Total assets

^[1]

11,815,574

11,340,971

Current liabilities:

Accounts payable

374,861

355,791

Accrued expenses

87,626

122,355

Current portion of long-term debt

493,496

483,497

Other current liabilities

146,449

133,649

Total current liabilities

1,102,432

1,095,292

Long-term debt, net

7,273,736

7,030,756

Other long-term liabilities

1,117,617

1,086,011

Total liabilities

^[1]

9,493,785

9,212,059

Commitments and contingencies

Redeemable noncontrolling interests

187,312

165,872

Stockholders' equity:

Common stock, 123,971,555 and 122,466,515 shares issued as of March 31, 2024 and December 31, 2023, respectively, at $0.0001 par value

Additional paid-in capital—common stock

1,766,966

1,755,461

Accumulated deficit

(162,973)

(228,583)

Total stockholders' equity

1,604,005

1,526,890

Noncontrolling interests

530,472

436,150

Total equity

2,134,477

1,963,040

Total liabilities, redeemable noncontrolling interests and equity

$ 11,815,574

$ 11,340,971

[1]

The consolidated assets as of March 31, 2024 and December 31, 2023 include $5,568,816 and $5,297,816, respectively, of assets of variable interest entities ("VIEs") that can only be used to settle obligations of the VIEs. These assets include cash of $63,777 and $54,674 as of March 31, 2024 and December 31, 2023, respectively; accounts receivable—trade, net of $15,729 and $13,860 as of March 31, 2024 and December 31, 2023, respectively; accounts receivable—other of $145,886 and $187,607 as of March 31, 2024 and December 31, 2023, respectively; other current assets of $631,951 and $693,772 as of March 31, 2024 and December 31, 2023, respectively; property and equipment, net of $4,615,433 and $4,273,478 as of March 31, 2024 and December 31, 2023, respectively; and other assets of $96,040 and $74,425 as of March 31, 2024 and December 31, 2023, respectively. The consolidated liabilities as of March 31, 2024 and December 31, 2023 include $249,869 and $278,016, respectively, of liabilities of VIEs whose creditors have no recourse to Sunnova Energy International Inc. These liabilities include accounts payable of $156,518 and $197,072 as of March 31, 2024 and December 31, 2023, respectively; accrued expenses of $532 and $157 as of March 31, 2024 and December 31, 2023, respectively; other current liabilities of $11,684 and $7,269 as of March 31, 2024 and December 31, 2023, respectively; and other long-term liabilities of $81,135 and $73,518 as of March 31, 2024 and December 31, 2023, 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 Tue May 07 2024, market cap of Sunnova Energy International Inc is 548 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 Tue May 07 2024, NOVA's PE ratio (Price to Earnings) is -1.35 and Price to Sales (PS) ratio is 0.76. 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.