Sunnova Energy International (NOVA) and Its Competitors Critical Analysis

Sunnova Energy International (NYSE: NOVA) is one of 27 public companies in the “Electric & other services combined” industry, but how does it contrast to its rivals? We will compare Sunnova Energy International to similar companies based on the strength of its risk, earnings, profitability, analyst recommendations, valuation, institutional ownership and dividends.

Insider and Institutional Ownership

92.1% of Sunnova Energy International shares are owned by institutional investors. Comparatively, 70.2% of shares of all “Electric & other services combined” companies are owned by institutional investors. 4.4% of shares of all “Electric & other services combined” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Volatility and Risk

Sunnova Energy International has a beta of 1.64, suggesting that its share price is 64% more volatile than the S&P 500. Comparatively, Sunnova Energy International’s rivals have a beta of 0.40, suggesting that their average share price is 60% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of current recommendations for Sunnova Energy International and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Sunnova Energy International 0 0 1 0 3.00
Sunnova Energy International Competitors 457 1927 1379 14 2.25

As a group, “Electric & other services combined” companies have a potential upside of 17.31%. Given Sunnova Energy International’s rivals higher possible upside, analysts clearly believe Sunnova Energy International has less favorable growth aspects than its rivals.

Profitability

This table compares Sunnova Energy International and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Sunnova Energy International -106.01% -23.98% -5.95%
Sunnova Energy International Competitors 0.68% 10.07% 2.38%

Valuation and Earnings

This table compares Sunnova Energy International and its rivals top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Sunnova Energy International $131.56 million -$144.35 million -8.90
Sunnova Energy International Competitors $9.27 billion $442.61 million 15.29

Sunnova Energy International’s rivals have higher revenue and earnings than Sunnova Energy International. Sunnova Energy International is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

Sunnova Energy International rivals beat Sunnova Energy International on 9 of the 13 factors compared.

Sunnova Energy International Company Profile

Sunnova Energy International Inc. provides residential solar and energy storage services in the United States. The company offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services. It operates a fleet of residential solar energy systems with a generation capacity of approximately 572 megawatts serving approximately 80,000 customers. Sunnova Energy International Inc. was founded in 2012 and is headquartered in Houston, Texas.

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