Sunnova Energy International Inc.
Utilities · Electric & Other Services Combined · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | $839.9M | $720.7M | $557.7M | $241.8M | $160.8M | $131.6M |
| Operating income | −$239.5M | −$243.4M | −$81.5M | −$54.9M | −$35.8M | −$22.3M |
| Net income | −$367.9M | −$418.0M | −$161.6M | −$138.1M | −$252.3M | −$144.4M |
| Total assets | $13.35B | $11.34B | $8.34B | $5.50B | $3.59B | $2.49B |
| Total liabilities | $10.67B | $9.21B | $6.45B | $3.88B | $2.31B | $1.67B |
| Equity | $1.83B | $1.53B | $1.27B | $1.19B | $951.7M | $645.9M |
| EPS (diluted) | $-2.96 | $-3.53 | $-1.41 | $-1.25 | $-2.87 | $-4.14 |
| Shares out. | 122.5M | 114.9M | 113.4M | 108.1M | 84.0M | 40.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- −28.5%
- Net margin
- −43.8%
- Return on equity
- −20.1%
- Return on assets
- −2.8%
- Return on capital (ROCE)
- −2.0%
- Liabilities / assets
- 79.9%
- Debt / equity
- 5.82×
- Book value / share
- $14.95
- Revenue growth (YoY)
- 16.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- -0.07distress
- Accruals / assets
- −0.4%clean
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 12, 2025
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Andrew Anne SDirector | May 15, 2025 | Option exercise | 24,948 | $0.00 |
| Shaper C ParkDirector | May 15, 2025 | Option exercise | 24,948 | $0.00 |
| Grasso Michael POfficer — See Remarks | Mar 22, 2025 | Option exercise | 14,631 | $0.00 |
| Nutting MeghanOfficer — See Remarks | Mar 22, 2025 | Option exercise | 7,170 | $0.00 |
| Berger William JOfficer — See Remarks | Mar 17, 2025 | Option exercise | 238,098 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Completed an acquisition or dispositionJun 17, 2025
- Entered a material agreement · New financial obligationJun 16, 2025
- Delisting / listing-standard notice · Regulation FD disclosureJun 10, 2025
- Entered a material agreement · Regulation FD disclosureJun 9, 2025
- Bankruptcy or receivership · Debt acceleration / triggering event · Regulation FD disclosureJun 9, 2025
- Debt acceleration / triggering event · Costs from exit or disposal · Regulation FD disclosureJun 5, 2025
- Entered a material agreementMay 30, 2025
- Entered a material agreement · Director / officer changeMay 29, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.