(NOVA) Sunnova Energy - Ratings and Ratios

Sunnova Energy International Inc. (NYSE:NOVA) is a leading provider of energy as a service, specializing in residential solar and energy storage solutions across the United States. The company delivers a comprehensive suite of services, including solar energy system design, installation, and maintenance, as well as energy storage solutions. Its offerings extend to operations and maintenance (O&M), real-time monitoring, repairs, replacements, equipment upgrades, and diagnostics for both solar and energy storage systems. As of December 31, 2023, Sunnova operated a fleet of residential solar energy systems with a combined generation capacity of approximately 2,292 megawatts, serving over 419,000 customers nationwide. Founded in 2012 and headquartered in Houston, Texas, the company has established itself as a key player in the renewable energy sector, focusing on decentralized energy solutions. Web URL: https://www.sunnova.com.

From a market perspective, Sunnova Energy International Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol NOVA. The company is classified under the Renewable Electricity sub-industry within the GICS framework. As of the latest data, the stock is trading at $1.66, with a 20-day average volume of 9,683,958 shares. Key technical indicators include an SMA 20 of $2.09, SMA 50 of $2.94, and SMA 200 of $5.80, alongside an ATR of $0.29. On the fundamental side, the company has a market capitalization of $214.92 million, with a forward P/E ratio of 100.00 and a price-to-book (P/B) ratio of 0.12. The price-to-sales (P/S) ratio stands at 0.27, and the return on equity (RoE) is reported at -23.23.

Looking ahead, the 3-month forecast for Sunnova Energy International Inc. (NYSE:NOVA) suggests a bearish outlook based on technical and fundamental data. The stock is currently trading below its SMA 20, SMA 50, and SMA 200, indicating downward momentum. The ATR of $0.29 suggests moderate volatility, with potential resistance levels at $8.8, $7.4, $5.4, and $4.0. Fundamental challenges, including a negative RoE and a high forward P/E ratio, may weigh on investor sentiment. However, the growing demand for renewable energy solutions could provide a tailwind for the companys long-term growth prospects.