Sunnova Tax Provision from 2010 to 2024

NOVA Stock  USD 5.08  0.57  12.64%   
Sunnova Energy's Tax Provision is increasing over the years with stable fluctuation. Overall, Tax Provision is projected to go to about -971.9 K this year. Tax Provision is the amount set aside by Sunnova Energy International to cover any estimated taxes for the current period. It reflects Sunnova Energy's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2019-03-31
Previous Quarter
609 K
Current Value
-43 M
Quarterly Volatility
9.8 M
 
Covid
Check Sunnova Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sunnova main balance sheet or income statement drivers, such as Interest Income of 121.7 M, Depreciation And Amortization of 95.8 M or Interest Expense of 390.5 M, as well as many exotic indicators such as Price To Sales Ratio of 2.38, Dividend Yield of 0.0 or PTB Ratio of 2.3. Sunnova financial statements analysis is a perfect complement when working with Sunnova Energy Valuation or Volatility modules.
  
This module can also supplement Sunnova Energy's financial leverage analysis and stock options assessment as well as various Sunnova Energy Technical models . Check out the analysis of Sunnova Energy Correlation against competitors.

Latest Sunnova Energy's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Sunnova Energy International over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Sunnova Energy's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Sunnova Energy's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Pretty Stable
   Tax Provision   
       Timeline  

Sunnova Tax Provision Regression Statistics

Arithmetic Mean155,477
Geometric Mean0.00
Coefficient Of Variation705.20
Mean Deviation514,743
Median0.00
Standard Deviation1,096,416
Sample Variance1.2T
Range4.9M
R-Value0.12
Mean Square Error1.3T
R-Squared0.01
Significance0.68
Slope28,829
Total Sum of Squares16.8T

Sunnova Tax Provision History

2024-971.9 K
2023-1 M
20223.9 M
2021260 K
2020181 K

About Sunnova Energy Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Sunnova Energy income statement, its balance sheet, and the statement of cash flows. Sunnova Energy investors use historical funamental indicators, such as Sunnova Energy's Tax Provision, to determine how well the company is positioned to perform in the future. Although Sunnova Energy investors may use each financial statement separately, they are all related. The changes in Sunnova Energy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Sunnova Energy's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Sunnova Energy Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Sunnova Energy. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Tax Provision-1 M-971.9 K

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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 the analysis of Sunnova Energy Correlation against competitors.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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
(3.53)
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.