Sunnova Energy Financials

NOVA Stock  USD 5.41  0.07  1.31%   
Based on the key measurements obtained from Sunnova Energy's financial statements, Sunnova Energy International is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At present, Sunnova Energy's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 7.9 B, whereas Total Stockholder Equity is forecasted to decline to about 1 B. Key indicators impacting Sunnova Energy's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio5.174.9213
Sufficiently Up
Slightly volatile
Current Ratio1.10.8548
Significantly Up
Slightly volatile
The essential information of the day-to-day investment outlook for Sunnova Energy includes many different criteria found on its balance sheet. An individual investor should monitor Sunnova Energy's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Sunnova Energy.

Net Income

(397.06 Million)

  
Understanding current and past Sunnova Energy Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Sunnova Energy's financial statements are interrelated, with each one affecting the others. For example, an increase in Sunnova Energy's assets may result in an increase in income on the income statement.
Please note, the presentation of Sunnova Energy's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Sunnova Energy's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Sunnova Energy's management manipulating its earnings.

Sunnova Energy Stock Summary

Sunnova Energy competes with Enphase Energy, First Solar, SolarEdge Technologies, JinkoSolar Holding, and Nextracker. 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. It employs 736 people.
Foreign Associates
Specialization
Technology, Utilities
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS86745K1043
CUSIP86745K104
LocationTexas; U.S.A
Business Address20 East Greenway
SectorIndependent Power and Renewable Electricity Producers
IndustryUtilities
BenchmarkDow Jones Industrial
Websitewww.sunnova.com
Phone281 892 1588
CurrencyUSD - US Dollar

Sunnova Energy Key Financial Ratios

Sunnova Energy Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets2.5B3.6B5.5B8.3B11.3B11.9B
Other Current Liab59.3M55.1M108.9M178.0M201.0M211.0M
Other Liab90.9M148.0M436.0M696.0M800.4M840.5M
Net Tangible Assets645.9M951.7M985.8M1.1B1.3B1.3B
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
Other Assets484.6M807.8M1.8B3.3B3.8B4.0B
Long Term Debt1.3B1.9B3.1B5.2B7.0B7.4B
Net Receivables16.8M34.3M144.0M366.2M485.7M510.0M
Inventory43.7M102.6M128.0M152.1M148.6M92.1M
Other Current Assets174.0M109.9M100.7M69.8M89.1M91.6M
Total Liab1.7B2.3B3.9B6.4B9.2B9.7B
Net Invested Capital2.1B3.0B4.5B6.7B9.0B9.5B
Short Long Term Debt97.5M110.9M129.8M214.4M483.5M507.7M
Total Current Assets274.3M456.7M615.7M948.4M936.2M534.6M
Net Working Capital79.3M245.8M304.8M406.4M(159.0M)(151.1M)
Short Term Debt97.5M112.1M131.6M217.7M487.7M512.1M

Sunnova Energy Key Income Statement Accounts

201920202021202220232024 (projected)
Net Interest Income(99.6M)(130.8M)(82.0M)(48.0M)(256.1M)(243.3M)
Interest Income12.5M23.7M34.2M59.8M115.9M121.7M
Interest Expense112.1M154.6M116.2M107.8M371.9M390.5M
Total Revenue131.6M160.8M241.8M557.7M720.7M756.7M
Gross Profit84.1M95.6M143.4M230.6M293.2M151.5M
Operating Income(10.7M)(35.8M)(54.9M)(81.5M)(243.4M)(231.3M)
Ebit(10.7M)(153.1M)(31.0M)(18.6M)(142.2M)(135.1M)
Ebitda38.7M(87.0M)76.0M118.0M44.5M37.4M
Cost Of Revenue47.4M65.2M98.3M327.1M427.5M448.9M
Income Before Tax(133.4M)(307.6M)(147.3M)(126.4M)(503.4M)(478.3M)
Net Income(255.6M)(252.3M)(138.1M)(161.6M)(418.0M)(397.1M)
Income Tax Expense122.2M181K260K3.9M(1.0M)(971.9K)
Minority Interest172.3M329.0M9.4M(31.4M)84.5M78.6M

Sunnova Energy Key Cash Accounts

201920202021202220232024 (projected)
Investments(568.3M)(829.5M)(757.9M)(2.0B)(2.4B)(2.3B)
Change In Cash63.2M227.6M14.0M(31.6M)(51.2M)(48.6M)
Net Borrowings494.9M682.9M1.3B2.1B2.5B2.6B
Free Cash Flow(601.1M)(709.8M)(763.8M)(1.2B)(2.1B)(2.0B)
Depreciation49.3M66.1M107.0M136.6M181.8M95.8M
Other Non Cash Items24.0M39.7M54.1M(17.7M)161.4M169.5M
Capital Expenditures430.8M578.4M554.5M868.2M1.8B1.9B
Net Income(133.4M)(307.8M)(147.5M)(130.3M)(502.4M)(477.3M)
End Period Cash Flow150.3M377.9M391.9M360.3M494.4M305.4M
Change To Netincome61.6M102.0M21.7M11.2M10.1M9.6M

Sunnova Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Sunnova Energy's current stock value. Our valuation model uses many indicators to compare Sunnova Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Sunnova Energy competition to find correlations between indicators driving Sunnova Energy's intrinsic value. More Info.
Sunnova Energy International is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . At present, Sunnova Energy's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Sunnova Energy's earnings, one of the primary drivers of an investment's value.

Sunnova Energy Inter Systematic Risk

Sunnova Energy's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Sunnova Energy volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Sunnova Energy Inter correlated with the market. If Beta is less than 0 Sunnova Energy generally moves in the opposite direction as compared to the market. If Sunnova Energy Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Sunnova Energy Inter is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Sunnova Energy is generally in the same direction as the market. If Beta > 1 Sunnova Energy moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Sunnova Energy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Sunnova Energy's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Sunnova Energy growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.0302)

At present, Sunnova Energy's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

Sunnova Energy November 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Sunnova Energy help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Sunnova Energy International. We use our internally-developed statistical techniques to arrive at the intrinsic value of Sunnova Energy International based on widely used predictive technical indicators. In general, we focus on analyzing Sunnova Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Sunnova Energy's daily price indicators and compare them against related drivers.

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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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