Sunnova Energy International Stock Alpha and Beta Analysis
| NOVA Stock | USD 0.35 0.01 2.75% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Sunnova Energy International. It also helps investors analyze the systematic and unsystematic risks associated with investing in Sunnova Energy over a specified time horizon. Remember, high Sunnova Energy's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Sunnova Energy's market risk premium analysis include:
Beta 2.28 | Alpha (2.69) | Risk 12.63 | Sharpe Ratio (0.22) | Expected Return (2.74) |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Sunnova |
Sunnova Energy Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Sunnova Energy market risk premium is the additional return an investor will receive from holding Sunnova Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Sunnova Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Sunnova Energy's performance over market.| α | -2.69 | β | 2.28 |
Sunnova Energy expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Sunnova Energy's Buy-and-hold return. Our buy-and-hold chart shows how Sunnova Energy performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Sunnova Energy Market Price Analysis
Market price analysis indicators help investors to evaluate how Sunnova Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sunnova Energy shares will generate the highest return on investment. By understating and applying Sunnova Energy stock market price indicators, traders can identify Sunnova Energy position entry and exit signals to maximize returns.
Sunnova Energy Return and Market Media
The median price of Sunnova Energy for the period between Thu, Dec 26, 2024 and Wed, Mar 26, 2025 is 2.45 with a coefficient of variation of 56.73. The daily time series for the period is distributed with a sample standard deviation of 1.29, arithmetic mean of 2.28, and mean deviation of 1.09. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Sunnova Energy Stock Rises on JPMorgan Assessment | 01/23/2025 |
2 | Jefferies cuts Sunnova stock rating, slashes target to 2 | 02/07/2025 |
3 | First Solars Q4 Earnings Miss Estimates, Revenues Increase YY | 02/26/2025 |
4 | Acquisition by Williams Eric Michael of 86805 shares of Sunnova Energy at 5.57 subject to Rule 16b-3 | 02/28/2025 |
5 | Sunnova Energy International Inc Q4 2024 Earnings Call Highlights Strong Revenue Growth ... | 03/04/2025 |
6 | Acquisition by Meghan Nutting of 239808 shares of Sunnova Energy subject to Rule 16b-3 | 03/05/2025 |
7 | Nova Leap Health Corp. Posts Fourth Quarter and 2024 Annual Financial Results Including Record Adjusted EBITDA for 2nd Consecutive Year | 03/06/2025 |
8 | Sunnova Energy International abruptly names new CEO amid financial struggles | 03/10/2025 |
9 | Acquisition by Paul Mathews of 993788 shares of Sunnova Energy subject to Rule 16b-3 | 03/18/2025 |
10 | Corient Private Wealth LLC Has 7.79 Million Holdings in Sunnova Energy International Inc. | 03/21/2025 |
About Sunnova Energy Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Sunnova or other stocks. Alpha measures the amount that position in Sunnova Energy Inter has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2022 | 2023 | 2024 | 2025 (projected) | |
| Days Sales Outstanding | 239.7 | 246.02 | 18.98 | 18.03 |
| PTB Ratio | 1.62 | 1.18 | 0.23 | 0.22 |
Sunnova Energy Upcoming Company Events
As portrayed in its financial statements, the presentation of Sunnova Energy's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Sunnova Energy's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Sunnova Energy's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Sunnova Energy. Please utilize our Beneish M Score to check the likelihood of Sunnova Energy's management manipulating its earnings.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Sunnova Energy Backtesting, Sunnova Energy Valuation, Sunnova Energy Correlation, Sunnova Energy Hype Analysis, Sunnova Energy Volatility, Sunnova Energy History and analyze Sunnova Energy Performance. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Sunnova Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.