Sunnova Energy International Inc. (NOVA)

NYSE: NOVA · Real-Time Price · USD
4.230
+0.790 (22.97%)
At close: Nov 20, 2024, 4:00 PM
4.180
-0.050 (-1.18%)
Pre-market: Nov 21, 2024, 5:38 AM EST
22.97%
Market Cap 528.55M
Revenue (ttm) 809.98M
Net Income (ttm) -413.24M
Shares Out 124.95M
EPS (ttm) -3.34
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 19,643,302
Open 3.540
Previous Close 3.440
Day's Range 3.480 - 4.275
52-Week Range 2.990 - 16.360
Beta 2.26
Analysts Buy
Price Target 11.40 (+169.5%)
Earnings Date Oct 30, 2024

About NOVA

Sunnova Energy International Inc. engages in the provision of 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 solar energy system and energy storage system diagnostics services. As of December 31, 2023, it operated a fleet of residential solar energy systems with a generation capacity of approximately 2,292 megawatts serving over 419,000 customers. The company was incorporated in 2012 ... [Read more]

Industry Solar
Sector Technology
IPO Date Jul 25, 2019
Employees 2,047
Stock Exchange NYSE
Ticker Symbol NOVA
Full Company Profile

Financial Performance

In 2023, NOVA's revenue was $720.65 million, an increase of 29.22% compared to the previous year's $557.69 million. Losses were -$417.96 million, 158.6% more than in 2022.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for NOVA stock is "Buy." The 12-month stock price forecast is $11.4, which is an increase of 169.50% from the latest price.

Price Target
$11.4
(169.50% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sunnova Awarded Microgrid Project to Bolster Grid Resiliency for Penobscot Nation in Maine

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced it was selected by the Penobscot Nation to deploy...

1 day ago - Business Wire

Market misunderstanding Trump administration's impact on solar energy, says Sunnova CEO John Berger

John Berger, Sunnova CEO, joins 'Closing Bell Overtime' to talk the impact of the upcoming Trump administration on solar energy.

12 days ago - CNBC Television

Solar stocks tumble overnight as Trump leads in election results

Solar stocks are selling off as clean energy investors worry Donald Trump is on a path to win the U.S. presidential election. Traders are worried that Trump could repeal the Inflation Reduction Act if...

Other symbols: ENPHFSLRNXTRUNTAN
15 days ago - CNBC

Sunnova: Skyrocketing Debt Fuels Growth, But Margins Remain Under Pressure

Sunnova is one of the leading companies in the residential solar PV system market, along with Sunrun and Tesla. It reported 16.97% YoY growth in the first 9 months of FY24, but margins remain extremel...

19 days ago - Seeking Alpha

Sunnova Energy International Inc. (NOVA) Q3 2024 Earnings Call Transcript

Sunnova Energy International Inc. (NYSE:NOVA) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Rodney McMahan - Vice President of Investor Relations John Berger - Cha...

20 days ago - Seeking Alpha

Sunnova Reports Third Quarter 2024 Financial Results

HOUSTON--(BUSINESS WIRE)--Sunnova Reports Third Quarter 2024 Financial Results.

21 days ago - Business Wire

98% of Sunnova Customer Systems Remained Intact During Hurricanes Milton and Helene

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced today that in the wake of significant destruction...

4 weeks ago - Business Wire

First Solar, Sunrun, and Sunnova: How the Election Could Shape the Solar Industry

Tariffs and tax credits will be key for solar companies.

Other symbols: FSLRRUN
5 weeks ago - Barrons

Top 2 Utilities Stocks That May Jump This Month

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Other symbols: VVPR
5 weeks ago - Benzinga

Sunnova Announces Third Quarter 2024 Earnings Release Date and Conference Call

HOUSTON--(BUSINESS WIRE)--Sunnova Announces Third Quarter 2024 Earnings Release Date and Conference Call.

6 weeks ago - Business Wire

Sunnova Announces Appointment of Two New Independent Board Members

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced today the appointment of Corbin J. Robertson, III...

2 months ago - Business Wire

What do rate cuts, the election mean for solar energy stocks?

Mizuho Americas director of clean energy equity research Maheep Manley joins Julie Hyman and Josh Lipton on Market Domination to discuss what next week's expected interest rate cut and the upcoming pr...

Other symbols: ENPHGEVHASISEDG
2 months ago - Yahoo Finance

Sunnova CEO talks outlook for solar energy ahead of election

Sunnova CEO John Berger joins 'Closing Bell Overtime' to reflect on the political landscape and energy.

2 months ago - CNBC Television

Sunnova Powers Over 54,500 Customers Through Ernesto

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced today that it powered more than 54,500 customers ...

3 months ago - Business Wire

Sunnova CEO on growth strategy, demand for solar and election impact

John Berger, Sunnova CEO, joins 'Money Movers' to discuss what the bankruptcy of a competitor means for Sunnova's business, why it's been so tough for the solar business, and what could be bad for bus...

3 months ago - CNBC Television

Utility Rates Driving Solar Demand Surge, Sunnova CEO Says

Sunnova Energy Chair and CEO John Berger says higher utility rates are driving solar demand. Speaking on "Bloomberg The Close," Berger also comments on the SunPower bankruptcy and California's solar s...

3 months ago - Bloomberg Markets and Finance

Sunnova Energy International Inc. (NOVA) Q2 2024 Earnings Call Transcript

Sunnova Energy International Inc. (NYSE:NOVA) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Rodney McMahan - Vice President, Investor Relations John Berger - Chairma...

3 months ago - Seeking Alpha

Sunnova Energy: Good Q2, But Highly Leveraged On Debt

Sunnova Energy reported a 32% increase in revenue in Q2 2024, driven by high-margin customers under lease and PPA contracts. Despite a 670% jump in adjusted EBITDA, driven by one-time ITC sales, I sti...

3 months ago - Seeking Alpha

Sunnova Reports Second Quarter 2024 Financial Results

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading adaptive energy services company, today announced financial results for the second quarter ended June 30...

4 months ago - Business Wire

SunPower and other solar names lifted by First Solar's better-than-expected results

Shares of SunPower Corp. climbed 9.2% Wednesday, with the maker of solar-energy technology shrugging off a Morgan Stanley price-target cut, buoyed by strong results from solar-panel maker First Solar ...

Other symbols: FSLRCSLRRUN
4 months ago - Market Watch

Tenet Energy and Sunnova Team Up to Promote Clean Home Energy Adoption with Solar and Electric Vehicles

NEW YORK--(BUSINESS WIRE)--Tenet Energy Inc. (“Tenet”), a climate financial technology platform to accelerate America's sustainable energy transition, starting with electric vehicles, announced today ...

4 months ago - Business Wire

Finturf Joins with Sunnova to Expand Financing to Sustainable Home Improvements

GLENDALE, Calif. , July 30, 2024 /PRNewswire/ -- Finturf will collaborate with Sunnova, a leading adaptive energy services company and provider of sustainable energy solutions, to expand Finturf's alr...

4 months ago - PRNewsWire

Sunnova Solar + Storage Systems Powered Nearly 3,000 Customers Through Hurricane Beryl

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced today that it powered the homes of almost 3,000 c...

4 months ago - Business Wire

KBRA Assigns Preliminary Ratings to Sunnova SOL VII Issuer, LLC, Series 2024-2

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes issued by Sunnova SOL VII Issuer, LLC, Series 2024-2. The transaction is collateralized by a d...

4 months ago - Business Wire

Hurricane Beryl's Devastating Impact on Houston Power Grid Reinforces Value of Sunnova Solar + Storage Service for Homeowners

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, reinforced the value of Sunnova SunSafe® solar + battery st...

4 months ago - Business Wire