Sunnova Energy International Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Sunnova Energy International Inc (NOVA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Sunnova Energy International Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 840M vs 0M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+6.7% annualized vs trailing 12 months), vs decelerating (-583.9%) for its tracked peer group.
- Peer revenue share: Sunnova Energy International Inc accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
- Peer differentiation: Revenue per employee of $2.10M compares with $1.16M for the peer group (1.8x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NOVA Sales vs. its Competitors, Q4 2024
Sunnova Energy International Inc generated 100.02 % of the combined sales of its peer group, up from 100.00 % a year earlier.
Sunnova Energy International Inc vs. its Competitors, Q4 2024
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Sunnova Energy International Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Sunnova Energy International Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Sunnova Energy International Inc's competitor groups requires a Commercial License.
For context: the Electric Utilities industry grew revenue 1,579.5% year over year, combined, vs 15.4% for Sunnova Energy International Inc. Sunnova Energy International Inc's share of combined industry revenue moved from 0.06% to 0.00%, a loss of 0.06 percentage points.
Sunnova Energy International Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Sunnova Energy International Inc | No | Yes | Yes | No |
| Competitors combined (2) | ||||
| High-Confidence Competitors (4) | ||||
| Similar Growth & Profitability (8) | 25.00 % (2 of 8) | 87.50 % (7 of 8) | 75.00 % (6 of 8) | 16.70 % (1 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
NOVA Stock Performance relative to its Competitors
NOVA Stock Performance relative to High-Confidence Competitors
NOVA Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Cns Pharmaceuticals Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Sunnova Energy International Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Sunnova Energy International Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Sunnova Energy International Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Sunnova Energy International Inc | 25.35 | 839.92 |
| Cns Pharmaceuticals Inc | 36.24 | 0.03 |
| Correlate Energy Corp | 0.02 | 9.26 |
| SUBTOTAL | 61.61 | 849.22 |
Sources: Sunnova Energy International Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Sunnova Energy International Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Sunnova Energy International Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Sunpower Corp | Named by the company | 85% |
| Trinity | Named by the company | 85% |
| Westlake Corporation | Named by the company | 85% |
| Trinity Solar, Inc. | Named by the company | 85% |
| Adt Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Sunnova Energy International Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Sunnova Energy International Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Sunnova Energy International Inc | 25 | 2,099,805 | -1,119,432 |
| Cns Pharmaceuticals Inc | 36 | 4,302 | -2,087,416 |
| Correlate Energy Corp | 0 | - | - |
| PEERS TOTAL | 36 | 1,161,799 | -6,265,112 |
Sunnova Energy International Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 65 companies in Sunnova Energy International Inc's industry classification, broader than the peer set above. Market cap in millions of $.Sunnova Energy International Inc ranks #0 of 65 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 439, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nextera Energy Inc | 158,478 | 11.76 % |
| 2 | The Southern Company | 93,500 | 6.94 % |
| 3 | Constellation Energy Corporation | 89,923 | 6.67 % |
| 4 | Duke Energy Corporation | 88,814 | 6.59 % |
| 5 | American Electric Power Co Inc | 1,234 | 5.2% |
| 6 | Dominion Energy Inc | 1,234 | 5.2% |
| 7 | Sempra | 1,234 | 5.2% |
| 8 | Vistra Corp | 1,234 | 5.2% |
| 9 | Entergy Corporation | 1,234 | 5.2% |
| 10 | Xcel Energy Inc | 1,234 | 5.2% |
| 0 | Sunnova Energy International Inc | 25 | 0.00 % |
Market cap and industry share for the rest of Sunnova Energy International Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2025-06-05.
Sunnova Energy International Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Electric Utilities industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (85 companies). See the full Electric Utilities industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 74.59 % | 57.92 % (avg) | +16.7 pp |
| Operating Margin | -28.52 % | industry median | -47.9 pp |
| EBITDA Margin | 4.84 % | 27.00 % (avg) | -22.2 pp |
| Capital Intensity (Capex / Revenue) | 195.59 % | 34.26 % (avg) | +161.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Sunnova Energy International Inc's Valuation vs Competitive Position
Valuation multiples vs the Electric Utilities industry average (85 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Electric Utilities industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 24.4x | - |
| EV / EBITDA | 203.5x | 15.8x | +187.7x |
| P/B | 0.2x | 2.0x | -1.9x |
| Return on Equity | -18.97 % | industry aggregate | -28.20 % |
| Return on Invested Capital | -1.73 % | 2.46 % (avg) | -4.19 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Sunnova Energy International Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenue Growth | - | - | 50.32 % | 130.69 % | 29.22 % | 16.55 % |
| Operating Margin | - | -22.25 % | -22.71 % | -14.61 % | -33.78 % | -28.52 % |
| Return on Invested Capital | - | -0.97 % | -0.95 % | -0.98 % | -2.15 % | -1.73 % |
| P/E | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Sunnova Energy International Inc's Strategic Group Map
Every company in Sunnova Energy International Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Sunnova Energy International Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Sunnova Energy International Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 439 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 195.59 % vs industry average 34.26 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Sunnova Energy International Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Sunnova Energy International Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Sunnova Energy International Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Sunnova Energy International Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Sunnova Energy International Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+6.7% annualized vs trailing 12 months).
Weaknesses
- Operating margin 47.9 points below the industry median.
- Return on equity 28.2 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
Opportunities
- A meaningful share of tracked competitors (100.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-583.9% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Sunnova Energy International Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Sunnova Energy International Inc | 0.20 | 0.83 | 3.44 |
| Cns Pharmaceuticals Inc | 2.78 | 3.16 | 0.03 |
| Correlate Energy Corp | 0.10 | 0.36 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Sunnova Energy International Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Sunnova Energy International Inc | Q4 2024 | +15.4 % | - |
| Cns Pharmaceuticals Inc | Q2 2026 | - | - |
| Correlate Energy Corp | Q3 2024 | +388.0 % | - |
| PEERS TOTAL | +17.2 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Sunnova Energy International Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Sunnova Energy International Inc | Q4 2024 | +84.4 % | -39.4 % |
| Cns Pharmaceuticals Inc | Q2 2026 | - | - |
| Correlate Energy Corp | Q3 2024 | +563.4 % | -52.5 % |
Sunnova Energy International Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Sunnova Energy International Inc | - | - | - |
| Cns Pharmaceuticals Inc | - | - | - |
| Correlate Energy Corp | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Sunnova Energy International Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Sunnova Energy International Inc | - | 0.03 |
| Cns Pharmaceuticals Inc | - | 1,053.01 |
| Correlate Energy Corp | - | 0.00 |
| PEERS AVERAGE | - | 0.07 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.