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Sunnova Energy International
(NYSE:NOVA)
Sunnova Energy International (NOVA) vs. SPDR S&P 500 ETF (SPY)
Sunnova Energy International Business Overview & Revenue Model
Sunnova Energy International Key Performance Indicators (KPIs)
Indicates the scale of Sunnova's customer base, reflecting market penetration and potential for revenue growth as more households adopt solar energy solutions.
Main Street DataSunnova Energy International Earnings Call Summary
Sunnova Energy International Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 839.92M | 720.65M | 557.69M | 241.75M | 160.82M |
| Gross Profit | ||||
| 626.51M | 293.16M | 230.61M | 143.44M | 95.64M |
| EBIT | ||||
| -239.54M | -243.44M | -81.50M | -54.89M | -35.78M |
| EBITDA | ||||
| 156.33M | 50.31M | 117.99M | 75.95M | -86.96M |
| Net Income Common Stockholders | ||||
| -367.89M | -417.96M | -161.64M | -138.13M | -252.28M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 211.19M | 212.83M | 360.26M | 243.10M | 209.86M |
| Total Assets | ||||
| 13.35B | 11.34B | 8.34B | 5.50B | 3.59B |
| Total Debt | ||||
| 327.23M | 7.52B | 5.41B | 3.27B | 2.04B |
| Net Debt | ||||
| 116.04M | 7.31B | 5.05B | 3.02B | 1.83B |
| Total Liabilities | ||||
| 10.67B | 9.21B | 6.45B | 3.88B | 2.31B |
| Stockholders Equity | ||||
| 1.83B | 1.53B | 1.27B | 1.19B | 951.73M |
| Cash Flow | Free Cash Flow | |||
| -1.95B | -2.07B | -1.20B | -763.77M | -709.84M |
| Operating Cash Flow | ||||
| -310.85M | -237.56M | -333.43M | -209.23M | -131.47M |
| Investing Cash Flow | ||||
| -1.62B | -2.54B | -1.98B | -1.24B | -829.52M |
| Financing Cash Flow | ||||
| 1.98B | 2.73B | 2.47B | 1.46B | 1.19B |
Sunnova Energy International Technical Analysis
Sunnova Energy International Risk Analysis
Sunnova Energy International Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $11.55B | 10.41 | -6.86% | 2.93% | 7.50% | -8.30% | |
54 Neutral | $53.25M | ― | -123.52% | ― | -43.69% | 12.75% | |
54 Neutral | $26.44M | ― | -84.64% | ― | -52.61% | -987.53% | |
47 Neutral | $1.63B | ― | -69.47% | ― | -2.08% | -80.64% | |
45 Neutral | $53.57M | ― | ― | -48.65% | 13.64% | ||
43 Neutral | $36.01M | ― | -49.28% | ― | 8.97% | -68.08% | |
41 Neutral | $24.94M | ― | -21.91% | ― | 16.55% | 15.72% |
Sunnova Energy International Corporate Events
On May 29, 2025, Sunnova Energy International Inc. announced an extension of their Forbearance Agreement related to their senior notes, initially dated May 2, 2025. This extension, which pushes the forbearance period to June 2, 2025, is crucial for the company as it navigates financial challenges, including a deferred interest payment on their 11.750% Senior Notes, which could impact their financial stability and stakeholder relations.
The most recent analyst rating on (NOVA) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Sunnova Energy International stock, see the NOVA Stock Forecast page.
On May 22, 2025, Sunnova Energy Corporation amended its Loan Guarantee Agreement with the U.S. Department of Energy, reducing the maximum aggregate amount of partial guarantees from $3 billion to $371.61 million due to a shift in customer demand from solar loans to leases and power purchase agreements. Additionally, the company announced a special bonus award for its CEO, Paul Mathews, contingent upon his continued employment through the end of 2025, and entered into a severance agreement with Interim CFO Robyn Liska, effective May 28, 2025, which notably lacks a non-compete clause.
The most recent analyst rating on (NOVA) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Sunnova Energy International stock, see the NOVA Stock Forecast page.
On May 20, 2025, Sunnova Energy International Inc. received a notice from the New York Stock Exchange (NYSE) regarding its non-compliance with Section 802.01E of the NYSE Listed Company Manual due to a delay in filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. The company has until November 19, 2025, to file the report and regain compliance, although the NYSE may start delisting proceedings if deemed necessary. The delay is attributed to ongoing discussions and negotiations concerning the company’s indebtedness, which have diverted resources from completing the report. The notice does not immediately affect the company’s securities listing, but there is no assurance of regaining compliance.
The most recent analyst rating on (NOVA) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Sunnova Energy International stock, see the NOVA Stock Forecast page.
On May 22, 2025, Sunnova Energy International Inc. and its partners agreed to extend a Forbearance Agreement initially dated May 2, 2025, concerning deferred interest payments on its senior notes. The extension, which lasts until May 29, 2025, aims to prevent default and cross-default scenarios, allowing the company to manage its financial obligations without triggering acceleration of debt maturity, thus providing stability to its operations and stakeholders.
The most recent analyst rating on (NOVA) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Sunnova Energy International stock, see the NOVA Stock Forecast page.
On May 15, 2025, Sunnova Energy International Inc. and other parties agreed to extend a Forbearance Agreement related to its senior notes, which was initially set to expire on May 8, 2025. This extension, now lasting until May 22, 2025, aims to prevent the acceleration of note maturity due to a previously deferred interest payment, thereby avoiding potential defaults and maintaining stability for stakeholders.
The most recent analyst rating on (NOVA) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Sunnova Energy International stock, see the NOVA Stock Forecast page.
On May 8, 2025, Sunnova Energy International Inc. and its associated parties agreed to extend a Forbearance Agreement initially dated May 2, 2025. This extension relates to the company’s decision to defer a $23.5 million interest payment on its 11.750% Senior Notes due April 1, 2025, which led to a potential default situation. The extension allows the company more time to manage its obligations without triggering an acceleration of debt maturity, which could have significant implications for its financial stability and stakeholder interests.
On May 2, 2025, Sunnova Energy International Inc. entered into a Forbearance Agreement with certain holders of its senior notes to address a Specified Default related to a deferred interest payment. The agreement, effective until May 8, 2025, prevents the holders from exercising their rights to accelerate the maturity of the notes due to the default, providing Sunnova time to negotiate debt reduction and improve financial flexibility.
On April 27, 2025, Sunnova Energy International appointed Ryan Omohundro as the Chief Restructuring Officer. Omohundro, with over 20 years of experience in restructuring, will bring his expertise to the company’s operations, potentially impacting its financial strategy and stakeholder relations.
On April 11, 2025, Sunnova Energy International announced the appointment of Tony Horton and Jeffrey S. Stein as independent Class I directors to its Board, following the resignations of Akbar Mohamed and Mary Yang. Horton and Stein bring extensive financial and business expertise, enhancing the board’s capabilities in guiding the company through capital structure transactions and strategic transformations. Additionally, a Special Committee was formed to evaluate the company’s financial condition and strategic alternatives, reflecting Sunnova’s commitment to stabilizing its financial foundation and positioning for long-term success.
Sunnova Energy International announced an extension of employment for Kimberly Hammer, their Senior Vice President and Chief Accounting Officer, until September 30, 2025, after her initial resignation was set for May 31, 2025. Additionally, the company approved special bonus awards for key executives, contingent upon their continuous employment and good standing through December 31, 2025, with specific financial implications if these conditions are not met.
On April 3, 2025, Sunnova’s subsidiary, EZOP, amended its credit agreement to extend payment deadlines and forbearance on defaults related to dealer payment deficiencies. Additionally, Sunnova received a notice from the NYSE on April 1, 2025, regarding non-compliance with the minimum share price requirement, giving the company six months to address the deficiency. The notice does not impact Sunnova’s operations or SEC reporting, but failure to comply could lead to delisting, affecting stock liquidity and financing options.
On March 28, 2025, Sunnova Energy International appointed Robyn Liska as Interim Chief Financial Officer, effective March 31, 2025, following Eric Williams’ departure. Liska, with extensive experience in investment banking and renewable energy, is expected to enhance Sunnova’s financial agility and strategic planning. Concurrently, Sunnova is engaged in discussions to reduce its debt and improve financial flexibility, opting to enter a 30-day grace period for a $23.5 million interest payment due on April 1, 2025, as part of its strategy to preserve liquidity and strengthen its capital structure.
On March 9, 2025, Sunnova Energy International’s Board of Directors approved a Special Bonus Award for its named executive officers, excluding former executives William J. Berger and Robert Lane. The bonuses, contingent on continuous employment through December 31, 2025, are intended to incentivize current executives, with amounts ranging from $450,000 to $750,000. This decision reflects the company’s commitment to retaining key leadership and ensuring operational stability, potentially impacting its strategic positioning in the renewable energy market.
On March 9, 2025, Sunnova Energy International Inc. announced the appointment of Paul Mathews as the new President and CEO, succeeding William J. Berger, who will stay on as an advisor for a transition period. Mathews, who joined Sunnova in 2023 and has significantly improved the company’s operations and customer service, will focus on disciplined growth, cost efficiency, and enhancing customer experience. This leadership change is part of Sunnova’s strategic repositioning to drive profitable growth and improve cash generation, aligning with recent initiatives like a $70 million cost reduction and a $185 million loan facility to enhance liquidity. Additionally, Corbin J. Robertson, III resigned from the board for personal reasons.