Sunnova Energy International Inc
NOVA
ISIN null / Valor 48736968
Sunnova Energy International Inc
UMushroom community rating:
About company
Sunnova Energy International Inc is a prominent residential solar and energy storage provider in the United States, dedicated to making clean and renewable energy more accessible and affordable for homeowners. The company offers a range of services including the installation of solar photovoltaic systems and energy storage solutions, enabling customers to generate and store their own electricity. Sunnova provides flexible financing options such as solar leases and power purchase agreements (PPAs), allowing customers to adopt solar energy with minimal upfront costs. By focusing on reliability and cost-effectiveness, Sunnova aims to deliver efficient energy solutions that help reduce dependence on traditional power sources while supporting sustainable energy adoption.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (14.10.2025):
In the fourth quarter and full year ended December 31, 2024, Sunnova Energy International Inc. reported substantial growth in solar power generation and energy storage management, an 11% increase in total cash reserves, strategic operational optimizations aimed at reducing annual cash costs by $70 million, and secured a $185 million non-recourse asset-based loan facility to bolster working capital.
Solar and Storage Growth
Sunnova increased its total cumulative solar power generation to 3.0 gigawatts and energy storage under management to 1,662 megawatt hours as of December 31, 2024, reflecting the company's expanding infrastructure and capacity in renewable energy solutions.
Cash Reserves Expansion
Total cash holdings grew by 11% to $548 million by the end of 2024, achieved without issuing new corporate capital. However, unrestricted cash saw a relatively flat increase due to lower tax equity contributions resulting from timing delays and other financial factors.
Operational Cost Optimizations
Sunnova announced initiatives to optimize operations, estimated to reduce annual cash costs by $70 million. These measures include mandating domestic content for dealers, raising prices, simplifying business processes, and aligning dealer payment terms with Sunnova’s funding sources.
New Loan Facility Secured
The company signed a $185 million non-recourse asset-based loan facility, which is expected to close and provide additional working capital in the coming days, subject to customary closing conditions. This facility strengthens Sunnova’s financial position and supports its growth initiatives.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
28 M
Market cap (USD)
4,219,374
Daily traded volume (Shares)
3.5 / 3.37
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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EPS (USD)
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Ratings & reviews
Valerie Sandy
Lou Charlotte Wehrli
Vladimir Jovicic
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