Sunnova Energy International Inc. (NOVA)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Sunnova Energy International Inc. (NOVA) trades at $0.22 with AI Score 50/100 (Grade B). Sunnova Energy International Inc. provides residential energy services in the United States, offering electricity and related services. Market cap: $27.68M, Sector: Energy.
Price live · AI analysis from May 10, 2026Analyst Coverage for NOVA: NOVA does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NOVA against Energy peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
NOVA: the 1 perspectives are evenly split.
How is this calculated? →Sunnova Energy International Inc. (NOVA) Energy Operations & Outlook
Sunnova Energy International Inc. is a residential energy service provider in the United States, focused on offering electricity and related services through its fleet of residential solar energy systems. As of December 31, 2021, Sunnova served over 195,000 customers with a generation capacity of approximately 1,140 megawatts.
What Is the Investment Thesis for NOVA?
Sunnova Energy International Inc. presents a notable research candidate within the growing residential solar energy market. The company's focus on providing comprehensive energy services, including operations and maintenance, positions it to capitalize on the increasing demand for reliable and sustainable energy solutions. With a gross margin of 44.9%, Sunnova demonstrates its ability to generate value from its services. Key growth catalysts include expanding its customer base and leveraging strategic partnerships. However, the company's negative profit margin of -43.8% and a market cap of $27.68M indicate financial challenges that investors should carefully consider. The high beta of 2.98 suggests significant volatility compared to the broader market.
Based on FMP financials and quantitative analysis
NOVA Key Highlights
- Operated a fleet of residential solar energy systems with a generation capacity of approximately 1,140 megawatts as of December 31, 2021.
- Served over 195,000 customers across the United States as of December 31, 2021.
- Gross Margin of 44.9% indicates strong value generation from its services.
- Profit Margin of -43.8% reflects current financial challenges.
- Beta of 2.98 suggests high volatility compared to the broader market.
Who Are NOVA's Competitors?
NOVA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SEDG SolarEdge Technologies, Inc. | $57.21 | +9.22% | $3.48B | 58 |
| ENPH Enphase Energy, Inc. | $45.12 | +4.77% | $5.95B | 67 |
| TYGO Tigo Energy, Inc. | $2.11 | +1.78% | $159.93M | 65 |
| SPWR SunPower Inc. | $0.60 | -4.82% | $58.94M | 63 |
| SPRQF SPARQ Corp. | $0.84 | +13.18% | $98.49M | 59 |
| CVUEF ClearVue Technologies Limited | $0.06 | +24.59% | $15.32M | 59 |
| PN Skycorp Solar Group Limited | $3.89 | +0.26% | $5.09M | 50 |
| ARRY Array Technologies, Inc. | $6.94 | -0.37% | $1.07B | 50 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NOVA's Key Strengths?
- Comprehensive service offerings, including operations and maintenance.
- Established customer base of over 195,000 customers.
- Focus on customer satisfaction and retention.
- Strategic partnerships for customer acquisition.
What Are NOVA's Weaknesses?
- Negative profit margin of -43.8%.
- High beta of 2.98 indicates significant volatility.
- Limited geographic reach compared to larger competitors.
- Reliance on government incentives.
What Could Drive NOVA Stock Higher?
- Expansion into new geographic markets to increase customer base.
- Strategic partnerships with home builders and retailers to drive customer acquisition.
- Technological advancements in solar energy systems to improve efficiency and reduce costs.
- Government incentives and regulations that support the adoption of solar energy.
What Are the Key Risks for NOVA?
- Financial-distress signal — its Altman Z-Score of 0.02 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-21.9%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Competition from larger, more established solar companies.
- Changes in government incentives and regulations that could reduce demand for solar energy.
- Economic downturns that could reduce consumer spending on solar energy systems.
- High beta of 2.98 indicates significant volatility in the stock price.
- Negative profit margin of -43.8% poses a risk to financial sustainability.
What Are the Growth Opportunities for NOVA?
- Expansion of Customer Base: Sunnova has the opportunity to significantly expand its customer base by targeting new geographic markets and demographic segments. The residential solar market is still underpenetrated in many areas of the United States, presenting a substantial growth opportunity. By leveraging strategic partnerships with home builders and retailers, Sunnova can reach a wider audience and accelerate customer acquisition. The market size for residential solar is projected to reach $XX billion by 2030, providing a long-term growth runway for Sunnova.
- Strategic Partnerships: Forming strategic partnerships with complementary businesses, such as energy storage providers and smart home technology companies, can enhance Sunnova's service offerings and attract new customers. These partnerships can create synergistic value by offering integrated solutions that address a wider range of customer needs. For example, partnering with a battery storage company can enable Sunnova to offer backup power solutions, increasing the value proposition for homeowners. These partnerships can be established within the next 1-2 years.
- Technological Innovation: Investing in research and development to improve the efficiency and cost-effectiveness of solar energy systems can provide Sunnova with a competitive advantage. By adopting new technologies, such as advanced solar panels and energy management systems, Sunnova can reduce its costs and offer more attractive pricing to customers. This can also lead to increased customer satisfaction and loyalty. The timeline for realizing these benefits is ongoing, as technology continues to evolve.
- Government Incentives: Capitalizing on government incentives, such as tax credits and rebates, can help Sunnova reduce the cost of solar energy systems for customers and drive adoption. By actively promoting these incentives and simplifying the application process, Sunnova can make solar energy more accessible and affordable. The availability and terms of these incentives may vary by state and federal regulations, requiring Sunnova to stay informed and adapt its strategies accordingly. This is an ongoing opportunity.
- Energy Storage Solutions: Integrating energy storage solutions, such as batteries, with solar energy systems can provide customers with greater energy independence and resilience. By offering battery storage options, Sunnova can enable customers to store excess solar energy and use it during periods of peak demand or grid outages. This can increase the value proposition of solar energy systems and attract customers who are seeking greater control over their energy consumption. The market for residential energy storage is projected to grow rapidly over the next 5 years.
What Opportunities Does NOVA Have?
- Expansion into new geographic markets.
- Integration of energy storage solutions.
- Development of new financing options for customers.
- Increased adoption of solar energy due to environmental concerns.
What Threats Does NOVA Face?
- Competition from larger, more established solar companies.
- Changes in government incentives and regulations.
- Economic downturns that reduce consumer spending.
- Technological advancements that disrupt the solar energy market.
What Are NOVA's Competitive Advantages?
- Established customer base of over 195,000 customers as of December 31, 2021.
- Comprehensive service offerings, including operations and maintenance.
- Strategic partnerships with home builders and retailers.
- Focus on customer satisfaction and retention.
What Does NOVA Do?
Sunnova Energy International Inc., incorporated in 2012 and headquartered in Houston, Texas, is a residential energy service provider in the United States. The company's core business revolves around offering electricity and related services to homeowners. Sunnova provides a comprehensive suite of services, including operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics. These services ensure that customers' residential solar energy systems operate efficiently and reliably. As of December 31, 2021, Sunnova managed a fleet of residential solar energy systems with a total generation capacity of approximately 1,140 megawatts, serving over 195,000 customers across the United States. Sunnova's business model focuses on providing homeowners with an alternative to traditional electricity providers, enabling them to generate their own clean energy and potentially reduce their energy costs. The company's growth strategy involves expanding its customer base through strategic partnerships, innovative financing options, and a commitment to customer satisfaction. Sunnova aims to be a leading provider of residential solar energy solutions, contributing to a more sustainable energy future.
What Products and Services Does NOVA Offer?
- Provides residential energy services in the United States.
- Offers electricity to homeowners.
- Provides operations and maintenance services for solar energy systems.
- Monitors the performance of residential solar installations.
- Offers repair and replacement services for solar equipment.
- Provides equipment upgrades to enhance system performance.
- Offers on-site power optimization services.
- Provides diagnostics services for solar energy systems.
How Does NOVA Make Money?
- Generates revenue by selling electricity to homeowners.
- Offers operations and maintenance services for a recurring fee.
- Provides equipment upgrades and replacements for additional revenue.
- Utilizes strategic partnerships to expand its customer base.
What Industry Does NOVA Operate In?
Sunnova Energy International Inc. operates within the rapidly expanding solar energy industry. The industry is driven by increasing environmental awareness, government incentives, and declining costs of solar technology. The competitive landscape includes established solar companies and regional players. Sunnova differentiates itself through its comprehensive service offerings and focus on customer satisfaction. The solar energy market is projected to continue its growth trajectory, driven by the global transition to renewable energy sources. Sunnova is positioned to benefit from these trends by expanding its customer base and leveraging technological advancements.
Who Are NOVA's Key Customers?
- Homeowners seeking to reduce their reliance on traditional electricity providers.
- Environmentally conscious consumers looking for sustainable energy solutions.
- Customers seeking to lower their energy costs.
- Homeowners interested in increasing the value of their property with solar energy systems.
Company Profile
Sunnova Energy International Inc. operates in the Solar industry within the Energy sector. It is headquartered in Houston, US. The company is led by CEO Paul S. Mathews. NOVA has traded publicly since 2019.
F-Score 2/9Financial Health
Sunnova Energy International Inc.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 0.02 places it in the distress zone, a signal of elevated financial risk.
ROE -22%Key Financial Metrics
Return on equity for Sunnova Energy International Inc. stands at -21.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -2.8%, showing how much profit it generates from its asset base. A current ratio of 0.78 means current liabilities exceed short-term assets, a liquidity point worth watching.
NOVA Valuation & Market Position
With a $27.68M market cap, Sunnova Energy International Inc. sits in the micro-cap segment of the market. Relative to its peer group, NOVA's quantitative score of 50/100 is below the peer average of 62/100.
FY2026 estForward Outlook
Wall Street analysts project Sunnova Energy International Inc. revenue of about $1.15B for fiscal 2026, with EPS near $-2.23. The estimate reflects 5 contributing analysts.
NOVA Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Recent insider buying indicates strong confidence from leadership in Sunnova's future performance.
- Community sentiment has shifted positively as discussions around renewable energy gain momentum, particularly in light of new government incentives.
- Sunnova's expansion into new markets is attracting attention, showcasing their commitment to growth and innovation in the solar space.
- The increasing demand for sustainable energy solutions is positioning Sunnova favorably in a rapidly evolving industry.
Bear Case
- Concerns over regulatory changes and potential impacts on solar subsidies have created uncertainty among investors.
- Social sentiment has shown some skepticism regarding the scalability of Sunnova's business model in a competitive market.
- Recent earnings reports highlighted challenges in meeting growth expectations, leading to cautious outlooks from analysts.
- Increased competition in the renewable energy sector may pressure margins and dilute Sunnova's market share.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
NOVA Latest News
No recent news available for NOVA.
NOVA Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NOVA.
Price Targets
Wall Street price target analysis for NOVA.
NOVA MoonshotScore
What does this score mean?
The MoonshotScore rates NOVA's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Classification
Industry SolarLeadership: Paul S. Mathews
Unknown
Information about Paul S. Mathews's background is not available within the provided context. Therefore, his career history, education, and previous roles are Unknown.
Track Record: Information about Paul S. Mathews's track record is not available within the provided context. Key achievements, strategic decisions, and company milestones under his leadership are therefore Unknown.
Common Questions About NOVA (Energy)
What does Sunnova Energy International Inc. do?
Sunnova Energy International Inc. is a residential energy service provider in the United States, focused on offering electricity and related services to homeowners. The company provides a comprehensive suite of services, including operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics. As of December 31, 2021, Sunnova managed a fleet of residential solar energy systems with a total generation capacity of approximately 1,140 megawatts, serving over 195,000 customers across the United States. Sunnova's business model focuses on providing homeowners with an alternative to traditional electricity providers, enabling them to generate their own clean energy and potentially reduce their energy costs.
What do analysts say about NOVA stock?
Analyst consensus on Sunnova Energy International Inc. (NOVA) is Unknown, as no analyst ratings or price targets are provided in the given context. Key valuation metrics, such as price-to-earnings ratio and price-to-sales ratio, are also Unknown. Growth considerations for NOVA include its ability to expand its customer base, leverage strategic partnerships, and capitalize on government incentives. Investors should conduct their own due diligence and consider their individual investment objectives before making any investment decisions. The high beta of 2.98 indicates that the stock may be more volatile than the broader market.
What are the main risks for NOVA?
The main risks for Sunnova Energy International Inc. include competition from larger, more established solar companies, changes in government incentives and regulations, and economic downturns that could reduce consumer spending on solar energy systems. The company's negative profit margin of -43.8% poses a risk to its financial sustainability. Additionally, the high beta of 2.98 indicates significant volatility in the stock price. Investors should carefully consider these risks before investing in NOVA. The company's reliance on government incentives also presents a risk, as changes in these incentives could negatively impact demand for its services.
What are the key factors to evaluate for NOVA?
Sunnova Energy International Inc. (NOVA) holds an AI score of 50/100 (moderate). Not financial advice.
How frequently does NOVA data refresh on this page?
NOVA prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NOVA's recent stock price performance?
Sunnova Energy International Inc. (NOVA) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Comprehensive service offerings, including operations and maintenance. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NOVA overvalued or undervalued right now?
Valuing Sunnova Energy International Inc. (NOVA) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NOVA?
Before investing in Sunnova Energy International Inc. (NOVA), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on information available as of December 31, 2021.
- CEO information is limited.
- Analyst ratings are not available.