Sunnova Capital Surpluse vs Long Term Investments Analysis

NOVA Stock  USD 5.33  1.15  27.51%   
Sunnova Energy financial indicator trend analysis is much more than just breaking down Sunnova Energy Inter prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sunnova Energy Inter is a good investment. Please check the relationship between Sunnova Energy Capital Surpluse and its Long Term Investments accounts. 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.

Capital Surpluse vs Long Term Investments

Capital Surpluse vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sunnova Energy Inter Capital Surpluse account and Long Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Sunnova Energy's Capital Surpluse and Long Term Investments is 0.31. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Sunnova Energy International, assuming nothing else is changed. The correlation between historical values of Sunnova Energy's Capital Surpluse and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Sunnova Energy International are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Capital Surpluse i.e., Sunnova Energy's Capital Surpluse and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.31
Relationship DirectionPositive 
Relationship StrengthVery Weak

Capital Surpluse

Long Term Investments

Long Term Investments is an item on the asset side of Sunnova Energy balance sheet that represents investments Sunnova Energy Inter intends to hold for over a year. Sunnova Energy International long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Sunnova Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunnova Energy Inter current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.
At present, Sunnova Energy's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 93 M, whereas Tax Provision is projected to grow to (971.9 K).
 2021 2022 2023 2024 (projected)
Depreciation And Amortization107.0M136.6M181.8M95.8M
Interest Income34.2M59.8M115.9M121.7M

Sunnova Energy fundamental ratios Correlations

1.00.990.970.890.990.90.90.881.0-0.110.940.781.01.00.991.00.780.97-0.780.670.721.00.740.850.26
1.00.980.970.870.990.880.890.91.0-0.070.950.751.01.00.991.00.750.98-0.750.670.71.00.720.830.22
0.990.980.920.920.990.930.910.810.98-0.20.880.840.980.980.990.990.840.92-0.840.640.780.980.80.890.39
0.970.970.920.760.940.790.830.940.980.10.990.60.970.970.940.970.61.0-0.650.60.580.970.610.70.01
0.890.870.920.760.890.940.960.620.86-0.460.710.910.880.870.890.880.910.76-0.890.690.920.870.920.990.57
0.990.990.990.940.890.880.90.870.99-0.120.90.820.990.991.00.990.820.94-0.770.720.710.990.730.860.32
0.90.880.930.790.940.880.870.580.87-0.510.740.870.890.870.890.880.870.77-0.970.510.910.880.910.950.57
0.90.890.910.830.960.90.870.730.89-0.240.790.810.90.90.90.90.810.84-0.790.70.850.90.860.920.38
0.880.90.810.940.620.870.580.730.90.340.940.470.890.90.870.890.470.95-0.390.680.360.890.390.54-0.16
1.01.00.980.980.860.990.870.890.9-0.050.950.741.01.00.991.00.740.98-0.740.660.691.00.710.810.2
-0.11-0.07-0.20.1-0.46-0.12-0.51-0.240.34-0.050.16-0.57-0.09-0.06-0.12-0.08-0.570.120.63-0.08-0.63-0.08-0.61-0.55-0.84
0.940.950.880.990.710.90.740.790.940.950.160.510.940.940.90.940.510.99-0.60.560.540.940.570.64-0.09
0.780.750.840.60.910.820.870.810.470.74-0.570.510.760.760.810.771.00.61-0.830.690.810.760.80.960.77
1.01.00.980.970.880.990.890.90.891.0-0.090.940.761.00.991.00.760.97-0.770.670.711.00.730.840.24
1.01.00.980.970.870.990.870.90.91.0-0.060.940.761.01.01.00.760.97-0.740.680.691.00.710.830.23
0.990.990.990.940.891.00.890.90.870.99-0.120.90.810.991.00.990.810.95-0.770.70.720.990.730.860.32
1.01.00.990.970.880.990.880.90.891.0-0.080.940.771.01.00.990.770.97-0.760.680.711.00.730.840.24
0.780.750.840.60.910.820.870.810.470.74-0.570.511.00.760.760.810.770.61-0.830.690.810.760.80.960.77
0.970.980.921.00.760.940.770.840.950.980.120.990.610.970.970.950.970.61-0.630.620.570.970.60.70.01
-0.78-0.75-0.84-0.65-0.89-0.77-0.97-0.79-0.39-0.740.63-0.6-0.83-0.77-0.74-0.77-0.76-0.83-0.63-0.34-0.95-0.76-0.94-0.91-0.67
0.670.670.640.60.690.720.510.70.680.66-0.080.560.690.670.680.70.680.690.62-0.340.360.670.370.670.23
0.720.70.780.580.920.710.910.850.360.69-0.630.540.810.710.690.720.710.810.57-0.950.360.71.00.920.66
1.01.00.980.970.870.990.880.90.891.0-0.080.940.761.01.00.991.00.760.97-0.760.670.70.720.830.24
0.740.720.80.610.920.730.910.860.390.71-0.610.570.80.730.710.730.730.80.6-0.940.371.00.720.910.63
0.850.830.890.70.990.860.950.920.540.81-0.550.640.960.840.830.860.840.960.7-0.910.670.920.830.910.68
0.260.220.390.010.570.320.570.38-0.160.2-0.84-0.090.770.240.230.320.240.770.01-0.670.230.660.240.630.68
Click cells to compare fundamentals

Sunnova Energy Account Relationship Matchups

Sunnova Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.5B3.6B5.5B8.3B11.3B11.9B
Short Long Term Debt Total1.4B2.0B3.3B5.4B7.5B7.9B
Other Current Liab59.3M56.3M110.8M181.2M201.0M211.0M
Total Current Liabilities195.0M210.9M310.9M541.9M1.1B1.2B
Total Stockholder Equity645.9M951.7M1.2B1.3B1.5B1.0B
Other Liab90.9M148.0M436.0M696.0M800.4M840.5M
Net Tangible Assets645.9M951.7M985.8M1.1B1.3B1.3B
Property Plant And Equipment Net1.7B2.3B2.9B3.8B5.6B3.0B
Current Deferred Revenue2.1M3.8M15.3M30.2M50.8M53.4M
Net Debt1.4B1.8B3.0B5.0B7.3B7.7B
Retained Earnings(361.8M)(531.0M)(459.7M)(364.8M)(228.6M)(240.0M)
Accounts Payable36.2M39.9M55.0M116.1M355.8M373.6M
Cash83.5M209.9M243.1M360.3M212.8M191.5M
Non Current Assets Total2.2B3.1B4.9B7.4B10.4B10.9B
Non Currrent Assets Other467.7M807.8M1.8B3.4B4.6B4.9B
Other Assets484.6M807.8M1.8B3.3B3.8B4.0B
Long Term Debt1.3B1.9B3.1B5.2B7.0B7.4B
Cash And Short Term Investments83.5M209.9M243.1M360.3M212.8M191.5M
Net Receivables16.8M31.6M76.3M236.8M485.7M510.0M
Common Stock Shares Outstanding40.8M87.9M110.9M114.5M118.3M100.3M
Liabilities And Stockholders Equity2.5B3.6B5.5B8.3B11.3B11.9B
Non Current Liabilities Total1.5B2.1B3.6B5.9B8.1B8.5B
Inventory43.7M102.6M128.0M152.1M148.6M92.1M
Other Current Assets174.0M215.2M296.3M351.3M920K874K
Other Stockholder Equity1.0B1.5B1.6B1.6B1.8B1.4B
Total Liab1.7B2.3B3.9B6.4B9.2B9.7B
Net Invested Capital2.1B3.0B4.5B6.7B9.0B9.5B
Property Plant And Equipment Gross1.7B2.3B3.2B4.2B6.2B3.2B
Short Long Term Debt97.5M110.9M129.8M214.4M483.5M507.7M
Total Current Assets274.3M456.7M615.7M948.4M936.2M534.6M
Non Current Liabilities Other127.4M171.4M436.0M712.7M1.1B1.1B
Net Working Capital79.3M245.8M304.8M406.4M(159.0M)(151.1M)
Short Term Debt97.5M110.9M129.8M214.4M487.7M512.1M
Property Plant Equipment1.7B2.3B2.9B3.7B4.3B2.4B

Sunnova Energy Investors Sentiment

The influence of Sunnova Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Sunnova. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Sunnova Energy's public news can be used to forecast risks associated with an investment in Sunnova. The trend in average sentiment can be used to explain how an investor holding Sunnova can time the market purely based on public headlines and social activities around Sunnova Energy International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Sunnova Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Sunnova Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Sunnova Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Sunnova Energy.

Sunnova Energy Implied Volatility

    
  516.23  
Sunnova Energy's implied volatility exposes the market's sentiment of Sunnova Energy International stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Sunnova Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Sunnova Energy stock will not fluctuate a lot when Sunnova Energy's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sunnova Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sunnova Energy's short interest history, or implied volatility extrapolated from Sunnova Energy options trading.

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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 tightly coupled with the direction of predictive economic indicators such as signals in real.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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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.