Sunnova Energy International Inc.NOVA
NYSE • Energy
$0.22
P/E
—
PEG
—
FCF Yield
—
Rev Growth YoY
+15.4% YoY
Gross Margin
44.3%
Health Score
2/10
D/E Ratio
4.62
Confidence
—
Business Snapshot
Sunnova Energy International Inc. is a residential solar and energy services provider, offering solar power systems, battery storage, and related installation and financing services. The company operates in the US residential solar market, a highly competitive and policy-sensitive sector where players compete on pricing, financing terms, and dealer networks. With TTM revenue of $839.92M, the company falls into the small-cap tier (market capitalisation is not available from the data). A defining characteristic is its extremely capital-intensive business model, evidenced by a free cash flow burn of $-1.95B and a debt-to-equity ratio of 4.62x, which leaves the company dependent on external financing to sustain operations.
Financial Health
Gross margin declined year-over-year from 48.4% to 44.3%, while net margin stands at -43.8%, indicating the company loses nearly half of every dollar in revenue after all costs. The balance sheet is severely stretched: debt-to-equity of 4.62x is more than four times equity, and the current ratio of 0.78x signals that current liabilities exceed current assets, raising near-term liquidity risk...
Risk Assessment
DEBT / LIQUIDITY — Debt-to-equity of 4.62x and a current ratio of 0.78x indicate a highly leveraged balance sheet with insufficient short-term assets to cover liabilities. FCF / CASH BURN — Free cash flow of $-1.95B represents a massive cash burn that is unsustainable without continuous external financing. REVENUE DECELERATION — While YoY revenue grew 15.4%, sequential QoQ revenue fell 4.7%, signalling a recent slowdown in business momentum. MARGIN DETERIORATION — Gross margin declined from 48.4% to 44.3% year-over-year, compressing profitability even before considering operating expenses. TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed. 52-WEEK POSITION — The current price of $0.22...
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