Sunnova Energy International Inc.
Sunnova Energy International Inc. provides solar energy services in the United States. The company offers electricity; non-solar financing and loan programs; 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, 2024, it operated a fleet of residential solar … Read more
Sunnova Energy International Inc. (NOVA) - Net Assets
Latest net assets as of March 2025: $2.69 Billion USD
Based on the latest financial reports, Sunnova Energy International Inc. (NOVA) has net assets worth $2.69 Billion USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.35 Billion) and total liabilities ($10.67 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.69 Billion |
| % of Total Assets | 20.11% |
| Annual Growth Rate | 30.8% |
| 5-Year Change | 109.66% |
| 10-Year Change | N/A |
| Growth Volatility | 14.43 |
Sunnova Energy International Inc. - Net Assets Trend (2017–2024)
This chart illustrates how Sunnova Energy International Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sunnova Energy International Inc. (2017–2024)
The table below shows the annual net assets of Sunnova Energy International Inc. from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.69 Billion | +26.13% |
| 2023-12-31 | $2.13 Billion | +12.79% |
| 2022-12-31 | $1.89 Billion | +16.39% |
| 2021-12-31 | $1.62 Billion | +26.62% |
| 2020-12-31 | $1.28 Billion | +56.52% |
| 2019-12-31 | $818.24 Million | +39.44% |
| 2018-12-31 | $586.80 Million | +43.20% |
| 2017-12-31 | $409.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sunnova Energy International Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 28934700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $46.59 Million | 2.54% |
| Common Stock | $13.00K | 0.00% |
| Other Components | $1.79 Billion | 97.46% |
| Total Equity | $1.83 Billion | 100.00% |
Sunnova Energy International Inc. Competitors by Market Cap
The table below lists competitors of Sunnova Energy International Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Astrid Intelligence PLC
F:6XS
|
$9.84 |
|
Graystone Company Inc
PINK:GYST
|
$9.87 |
|
MIE HOLDINGS
BE:19MA
|
$9.87 |
|
Avidus Management Group Inc
OTCGREY:ASNHF
|
$9.93 |
|
Greenrise Global Brands Inc
STU:C4T
|
$9.83 |
|
STEULER FLIESENGRUPPE
HA:NST
|
$9.79 |
|
Britannia Bulk Holdings Inc
PINK:BBLKF
|
$9.78 |
|
Endor AG
MU:E2N
|
$9.74 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunnova Energy International Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,526,890,000 to 1,831,644,000, a change of 304,754,000 (20.0%).
- Net loss of 367,893,000 reduced equity.
- Share repurchases of 1,668,000 reduced equity.
- Other factors increased equity by 674,315,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-367.89 Million | -20.09% |
| Share Repurchases | $1.67 Million | -0.09% |
| Other Changes | $674.32 Million | +36.81% |
| Total Change | $- | 19.96% |
Book Value vs Market Value Analysis
This analysis compares Sunnova Energy International Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $4.47 | $0.00 | x |
| 2018-12-31 | $6.03 | $0.00 | x |
| 2019-12-31 | $15.83 | $0.00 | x |
| 2020-12-31 | $10.83 | $0.00 | x |
| 2021-12-31 | $10.73 | $0.00 | x |
| 2022-12-31 | $11.12 | $0.00 | x |
| 2023-12-31 | $12.90 | $0.00 | x |
| 2024-12-31 | $14.74 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunnova Energy International Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -20.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -43.80%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.29x
- Recent ROE (-20.09%) is below the historical average (-20.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -24.54% | -118.51% | 0.06x | 3.58x | $-128.20 Million |
| 2018 | -14.82% | -71.13% | 0.06x | 3.32x | $-124.36 Million |
| 2019 | -22.35% | -109.73% | 0.05x | 3.85x | $-208.94 Million |
| 2020 | -26.51% | -156.87% | 0.04x | 3.77x | $-347.46 Million |
| 2021 | -11.61% | -57.14% | 0.04x | 4.63x | $-257.08 Million |
| 2022 | -12.70% | -28.98% | 0.07x | 6.55x | $-288.95 Million |
| 2023 | -27.37% | -58.00% | 0.06x | 7.43x | $-570.65 Million |
| 2024 | -20.09% | -43.80% | 0.06x | 7.29x | $-551.06 Million |
Industry Comparison
This section compares Sunnova Energy International Inc.'s net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $45,485,344
- Average return on equity (ROE) among peers: -39.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunnova Energy International Inc. (NOVA) | $2.69 Billion | -24.54% | 3.97x | $9.83 |
| ABCO Energy Inc (ABCE) | $-1.10 Million | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $4.62 Million | -26.17% | 0.78x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $9.91 Million | 115.63% | 0.25x | $1.82 |
| Array Technologies Inc (ARRY) | $-68.32 Million | 0.00% | 0.00x | $954.56 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $4.59 Million | -430.80% | 3.07x | $16.52 Million |
| Beam Global (BEEM) | $49.54 Million | -32.42% | 0.57x | $26.53 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-4.54 Million | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $14.57 Million | -0.72% | 0.61x | $2.91K |
| Canadian Solar Inc (CSIQ) | $466.98 Million | -19.45% | 3.03x | $874.83 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |