Sector: Energy | Industry: Renewable Energy Equipment & Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 20 EAST GREENWAY PLAZA SUITE 540, Houston HOUSTON TX 77046 |
Tel: | N/A |
Website: | https://www.sunnova.com |
IR: | See website |
Key People | ||
William J. Berger Chairman of the Board, President, Chief Executive Officer | Robert L. Lane Chief Financial Officer, Executive Vice President | Paul Mathews Chief Operating Officer, Executive Vice President |
Jackson O. Lynch Chief Human Resource Officer, Executive Vice President | David Searle Executive Vice President, Chief Compliance Officer, General Counsel | Michael P. Grasso Executive Vice President, Chief Revenue Officer |
Kelsey Hultberg Executive Vice President - Corporate Communications and Sustainability | Meghan Nutting Senior Vice President - Government and Regulatory Affairs |
Business Overview |
Sunnova Energy International Inc. is an energy services company. The Company partnering with local dealers and contractors who originate, design, and install its customer's solar energy systems, energy storage systems and related products and services on its behalf. It also offers other sustainable home solutions, such as home security and monitoring, smart home devices, modern heating, ventilation, and air conditioning generators, upgraded roofing, water systems, water heaters, main panel upgrades and electric vehicle chargers. Its services include operations and maintenance, monitoring, repairs and replacements, equipment upgrades, onsite power optimization for the customer, the ability to switch power sources among the solar panel, grid, and energy storage system, as appropriate, and diagnostics. It serves commercial, industrial, agricultural, not-for-profit, and public sector customers. It serves approximately 419,000 customers in more than 45 United States and territories. |
Financial Overview |
For the three months ended 31 March 2024, Sunnova Energy International Inc revenues decreased less than 1% to $160.9M. Net loss decreased 14% to $70M. Revenues reflect market conditions. Lower net loss reflects Other operating income increase from $723K to $12.3M (income), Interest income increase of 44% to $35.7M (income), Interest expense, net - Balancing value decrease of 1% to $84.6M (expense). |
Employees: | 2,047 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $8,038M as of Mar 31, 2024 |
Annual revenue (TTM): | $719.86M as of Mar 31, 2024 |
EBITDA (TTM): | $10.57M as of Mar 31, 2024 |
Net annual income (TTM): | -$406.84M as of Mar 31, 2024 |
Free cash flow (TTM): | -$2,076M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $7,539M as of Mar 31, 2024 |
Shares outstanding: | 123,981,666 as of Apr 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |