Sunnova Energy International Stock Alpha and Beta Analysis

NOVA Stock  USD 0.32  0.02  6.67%   
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
1.79
Alpha
(2.97)
Risk
10.88
Sharpe Ratio
(0.30)
Expected Return
(3.26)
Please note that although Sunnova Energy alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Sunnova Energy did 2.97  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Sunnova Energy International stock's relative risk over its benchmark. Sunnova Energy Inter has a beta of 1.79  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sunnova Energy will likely underperform. As of March 15, 2025, Book Value Per Share is expected to decline to 11.74. In addition to that, Tangible Book Value Per Share is expected to decline to 11.20.

Enterprise Value

463.56 Million

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.
  
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.

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-2.97   β1.79

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 Sun, Dec 15, 2024 and Sat, Mar 15, 2025 is 3.07 with a coefficient of variation of 44.4. The daily time series for the period is distributed with a sample standard deviation of 1.22, arithmetic mean of 2.75, and mean deviation of 1.02. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Nova Klbburinn hf. Framkvmd endurkaupatlunar viku 2
01/13/2025
2
Sunnova Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call
02/03/2025
3
Sunnova Energy International cuts 15 percent of workforce as part of streamlining effort
02/19/2025
4
Sunnova Energy International Inc Q4 2024 Everything You Need To Know Ahead Of Earnings
02/28/2025
5
Sunnovas Solar Setback Revenue Miss, Cash Flow Woes Sink Stock Over 50
03/03/2025
6
Sunnova Energy International Inc Q4 2024 Earnings Call Highlights Strong Revenue Growth ...
03/04/2025
7
Acquisition by Meghan Nutting of 239808 shares of Sunnova Energy subject to Rule 16b-3
03/05/2025
8
Nova Leap Health Corp. Posts Fourth Quarter and 2024 Annual Financial Results Including Record Adjusted EBITDA for 2nd Consecutive Year
03/06/2025
9
Sunnova Energy International abruptly names new CEO amid financial struggles
03/10/2025

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 Outstanding239.7246.0218.9818.03
PTB Ratio1.621.180.230.22

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
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24th of April 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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21st of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
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 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.
A focus of Sunnova Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sunnova Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...