OverviewSuggest Edit

Sunnova is a different kind of power company, offering rooftop solar service to homeowners within and outside the United States through our network of local sales and installation partners. Our mission is to change the energy industry by providing the choice of low-cost, worry-free solar power that generates long-term savings for our customers and continued business growth for our partners.

TypePublic
Founded2012
HQHouston, US
Websitesunnova.com
Overall CultureC

Latest Updates

Employees (est.) (Dec 2019)324(+9%)
Job Openings59
Revenue (FY, 2019)$131.6 M(+27%)
Share Price (Nov 2020)$35.1 (+4%)
Cybersecurity ratingCMore

Key People/Management at Sunnova Energy

William John Berger

William John Berger

Chairman, President, CEO and Founder
Robert L. Lane

Robert L. Lane

Executive Vice President and Chief Financial Officer
Matt Denichilo

Matt Denichilo

Director
Stuart Allen

Stuart Allen

Executive Vice President, Human Resources
Walter Baker

Walter Baker

Executive Vice President, General Counsel and Secretary
Doug Kimmelman

Doug Kimmelman

Director
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Sunnova Energy Office Locations

Sunnova Energy has an office in Houston
Houston, US (HQ)
20 Greenway Plaza #475
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Sunnova Energy Financials and Metrics

Sunnova Energy Revenue

Sunnova Energy's revenue was reported to be $131.56 m in FY, 2019
USD

Revenue (Q3, 2020)

50.2m

Net income (Q3, 2020)

(73.3m)

EBIT (Q3, 2020)

1.6m

Market capitalization (17-Nov-2020)

3.3b

Closing stock price (17-Nov-2020)

35.1

Cash (30-Sept-2020)

84.6m

EV

5.1b
Sunnova Energy's current market capitalization is $3.3 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

76.9m104.4m131.6m

Revenue growth, %

36%

Cost of goods sold

27.3m36.7m

Gross profit

49.5m67.7m
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

34.6m36.6m29.8m42.8m50.2m

General and administrative expense

23.8m28.5m27.9m28.1m28.5m

Operating expense total

23.8m28.5m27.9m28.1m28.6m

EBIT

(2.7m)(5.9m)(14.3m)(5.1m)1.6m
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

56.3m52.7m83.5m

Accounts Receivable

4.3m6.3m10.7m

Prepaid Expenses

174.0m

Current Assets

81.3m89.5m274.3m
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

58.8m51.0m73.4m102.3m84.6m

Accounts Receivable

11.2m10.4m10.0m12.5m11.8m

Prepaid Expenses

5.5m9.6m7.1m5.0m7.4m

Inventories

16.5m17.1m115.1m120.8m111.0m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(90.2m)(68.4m)(133.4m)

Depreciation and Amortization

31.4m47.0m49.3m

Accounts Payable

(1.2m)(996.0k)5.3m

Cash From Operating Activities

(49.0m)(11.6m)(170.3m)
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(89.3m)(126.8m)(71.1m)(96.3m)(160.5m)

Depreciation and Amortization

22.6m35.0m14.9m30.8m47.8m

Accounts Payable

2.3m5.2m13.8m(706.0k)(3.3m)

Cash From Operating Activities

(55.7m)(74.5m)(58.1m)(82.9m)(101.8m)
USDFY, 2017

Financial Leverage

3.6 x
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Sunnova Energy Operating Metrics

Sunnova Energy's Customers was reported to be 63.6 k in Q1, 2019.
FY, 2017Q1, 2018FY, 2018Q1, 2019

Average Number of Customers

38.80 k47.80 k53.40 k62 k

Customers

45.70 k60.30 k63.60 k

Dealers

75

Gross Customer Value per Customer

$27.92 k$27.78 k$27.85 k
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Sunnova Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
Helios Depositor
Helios Issuer
Sunnova ABS Holdings
Sunnova ABS Holdings III
Sunnova ABS Management
Sunnova AP 6 Warehouse II
Sunnova Asset Portfolio 4
Sunnova Asset Portfolio 5
Sunnova Asset Portfolio 5 Holdings
Sunnova Asset Portfolio 6
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Sunnova Energy Revenue Breakdown

Embed Graph

Sunnova Energy revenue breakdown by business segment: 29.3% from Solar renewable energy certificate revenue, 31.7% from Revenue under solar leases, 37.3% from Revenue under power purchase agreements and 1.7% from Other

Sunnova Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Sunnova Energy Online and Social Media Presence

Embed Graph

Sunnova Energy Company Culture

  • Overall Culture

    C

    68/100

  • CEO Rating

    C

    70/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Sunnova Energy News and Updates

Lifshitz & Miller LLP Announces Investigation of Curaleaf Holdings, Inc., Granite Construction, Inc., Karyopharm Therapeutics, Inc., ProPetro Holdings Corp., SAExploration, Inc., Sunnova Energy International, Inc., and Surface Oncology, Inc.

NEW YORK, Sept. 17, 2019 /PRNewswire/ -- Curaleaf Holdings, Inc. (CURLF) Lifshitz & Miller announces investigation into possible securities laws violation in connection with the FDA's warning letter to Curaleaf stating that several of CURLF's CBD products were "misbranded drugs" in...

Sunnova Energy to offer 17.6 million shares in IPO, priced at $16 to $18 each

Sunnova Energy International Inc. set terms for its planned initial public offering, saying in a regulatory filing it plans to offer 17.6 million shares priced at $16 to $18 each. The Houston-based solar energy company would raise $316.8 million at the top of that range. Seven banks are underwritin…

UPDATE 1-U.S. rooftop solar company Sunnova Energy plans IPO -sources

Sunnova Energy Corp, which finances and manages residential solar and storage systems across the United States, is planning a stock market flotation that could value the company at more than $1 billion, including debt, people familiar with the matter said.

Sunnova Energy Frequently Asked Questions

  • When was Sunnova Energy founded?

    Sunnova Energy was founded in 2012.

  • Who are Sunnova Energy key executives?

    Sunnova Energy's key executives are William John Berger, Robert L. Lane and Matt Denichilo.

  • How many employees does Sunnova Energy have?

    Sunnova Energy has 324 employees.

  • What is Sunnova Energy revenue?

    Latest Sunnova Energy annual revenue is $131.6 m.

  • What is Sunnova Energy revenue per employee?

    Latest Sunnova Energy revenue per employee is $406 k.

  • Who are Sunnova Energy competitors?

    Competitors of Sunnova Energy include Hargreaves Services, Brightergy and Isentropic.

  • Where is Sunnova Energy headquarters?

    Sunnova Energy headquarters is located at 20 Greenway Plaza #475, Houston.

  • Where are Sunnova Energy offices?

    Sunnova Energy has an office in Houston.

  • How many offices does Sunnova Energy have?

    Sunnova Energy has 1 office.