Sunnova Energy International Stock Today
| NOVA Stock | USD 10.47 0.67 6.01% |
Performance15 of 100
| Odds Of DistressLess than 38
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Sunnova Energy is trading at 10.47 as of the 7th of September 2024, a 6.01 percent decrease since the beginning of the trading day. The stock's open price was 11.14. Sunnova Energy has about a 38 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 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 8th of August 2024 and ending today, the 7th of September 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 35.6 M shares are now shorted by private and institutional investors with about 4.5 trading days to cover. More on Sunnova Energy International
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Sunnova Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chairman | William Berger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Novo Nordisk A/S | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Independent 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
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Debt LevelsSunnova 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.
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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 'Mid-Cap' category with a current market capitalization of 1.44 B. 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 35.6 M shares are now shorted by private and institutional investors with about 4.5 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.
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Ownership AllocationThe 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.
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Sunnova Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| State Street Corporation | 2024-03-31 | 3 M | |
| Nomura Holdings Inc | 2024-03-31 | 3 M | |
| Morgan Stanley - Brokerage Accounts | 2024-03-31 | 2.5 M | |
| Millennium Management Llc | 2024-06-30 | 2.5 M | |
| Point72 Asset Management, L.p. | 2024-06-30 | 2.4 M | |
| Geode Capital Management, Llc | 2024-03-31 | 2.4 M | |
| Ci Private Wealth Llc | 2024-03-31 | 2.3 M | |
| Goldman Sachs Group Inc | 2024-06-30 | 2.2 M | |
| Sourcerock Group Llc | 2024-06-30 | 2.1 M | |
| Bnp Paribas Investment Partners Sa | 2024-06-30 | 14.1 M | |
| Blackrock Inc | 2024-06-30 | 13.2 M |
Sunnova Energy Historical Income Statement
Sunnova Stock Against Markets
Sunnova Energy Corporate Management
| Douglas Kimmelman | Independent Director | Profile | |
| Michael Morgan | Independent Director | Profile | |
| Jackson III | Executive Officer | Profile | |
| Anne Andrew | Independent Director | Profile | |
| John Salvo | Executive Vice President of Channel Operations and Chief Procurement Officer | Profile |
Additional Information and Resources on Investing in Sunnova Stock
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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 (2.80) | 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.