Profile
Sector:
TechnologyIndustry:
SolarCountry:
United StatesIPO:
25 July 2019Website:
http://www.sunnova.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:59:59 GMTDividend
Analysts recommendations
Institutional Ownership
NOVA Latest News
Sunnova is one of the leading companies in the residential solar PV system market, along with Sunrun and Tesla. It reported 16.97% YoY growth in the first 9 months of FY24, but margins remain extremely negative. The business model requires a large amount of capital, leading to debt surpassing the $8 billion threshold as of September 2024, exceeding more than 10x the market cap.
Sunnova Energy (NOVA) came out with a quarterly loss of $0.98 per share versus the Zacks Consensus Estimate of a loss of $0.53. This compares to loss of $0.53 per share a year ago.
Sunnova Energy (NOVA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. ("Sunnova") (NYSE: NOVA), an industry-leading adaptive energy services company, announced today the appointment of Corbin J. Robertson, III, and Jeremy Thigpen as independent directors to its Board of Directors, effective September 23, 2024. “Corby and Jeremy bring a wealth of global business, energy, and leadership experience to our Board, complementing our existing membership,” said William J. (John) Berger, Chairman and Chief Execu.
Sunnova CEO John Berger joins 'Closing Bell Overtime' to reflect on the political landscape and energy.
A research update from an important government agency has brought some bulls into the solar sector. This country continues to add electricity-generating capacity, and solar is an integral part of the effort.
John Berger, Sunnova CEO, joins 'Money Movers' to discuss what the bankruptcy of a competitor means for Sunnova's business, why it's been so tough for the solar business, and what could be bad for business.
Sunnova Energy Chair and CEO John Berger says higher utility rates are driving solar demand. Speaking on "Bloomberg The Close," Berger also comments on the SunPower bankruptcy and California's solar subsidies.
The solar energy mainstay posted its second-quarter results after market hours Wednesday. These revealed a notably higher revenue figure and a much narrower net loss compared to the year-ago quarter.
Sunnova Energy reported a 32% increase in revenue in Q2 2024, driven by high-margin customers under lease and PPA contracts. Despite a 670% jump in adjusted EBITDA, driven by one-time ITC sales, I still have concerns about the company's long-term stability due to high debt levels. Management's focus on high-margin customers, and raised guidance for 2024 are positive, but I still don't see enough insider buying activity.
What type of business is Sunnova Energy International?
Sunnova Energy International Inc. engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services. As of December 31, 2023, it operated a fleet of residential solar energy systems with a generation capacity of approximately 2,292 megawatts serving over 419,000 customers. The company was incorporated in 2012 and is headquartered in Houston, Texas.
What sector is Sunnova Energy International in?
Sunnova Energy International is in the Technology sector
What industry is Sunnova Energy International in?
Sunnova Energy International is in the Solar industry
What country is Sunnova Energy International from?
Sunnova Energy International is headquartered in United States
When did Sunnova Energy International go public?
Sunnova Energy International initial public offering (IPO) was on 25 July 2019
What is Sunnova Energy International website?
https://www.sunnova.com
Is Sunnova Energy International in the S&P 500?
No, Sunnova Energy International is not included in the S&P 500 index
Is Sunnova Energy International in the NASDAQ 100?
No, Sunnova Energy International is not included in the NASDAQ 100 index
Is Sunnova Energy International in the Dow Jones?
No, Sunnova Energy International is not included in the Dow Jones index
When was Sunnova Energy International the previous earnings report?
No data
When does Sunnova Energy International earnings report?
Next earnings report date is not announced yet