| Market Capitalization (Millions $) |
25 |
| Shares
Outstanding (Millions) |
124 |
| Employees |
400 |
| Revenues (TTM) (Millions $) |
840 |
| Net Income (TTM) (Millions $) |
-448 |
| Cash Flow (TTM) (Millions $) |
54 |
| Capital Exp. (TTM) (Millions $) |
1,643 |
Business Description
Sunnova Energy International Inc is a leading provider of residential solar and energy storage services in the United States. The company was founded in 2012 and is headquartered in Houston, Texas.
Sunnovaes primary business model is leasing solar panels and energy storage systems to homeowners. This means that customers do not have to pay the upfront cost of purchasing and installing solar panels on their homes. Instead, they pay a monthly fee to lease the equipment and receive solar-generated electricity. Sunnova handles all the installation, maintenance, and repair of the equipment for the duration of the lease.
Sunnova differentiates itself from other residential solar providers by offering a customizable energy plan that includes energy storage. This means that customers can store excess solar-generated energy during the day and use it at night or during power outages. This reduces their reliance on the grid and provides a more resilient source of energy.
Sunnovaes business operates in 23 states and represents over 80,000 homeowners. The company continues to expand its footprint and recently entered new markets such as Florida and Hawaii. Sunnova's solar energy system is scalable, and it offers a variety of installation options suitable for most homes.
Aside from leasing solar equipment, Sunnova also offers a range of solar financing options, including cash purchases and loans. That said, the company plans to expand into new areas by offering additional energy services to its customers, including home batteries, home EV charging, energy efficiency upgrades, and more.
In summary, Sunnova is one of the leading residential solar providers in the U.S, offering solar leases, energy storage, and other energy solutions to homeowners across the nation. The company operates in 23 states and continues to expand its services and products to meet the evolving needs of its customers.
Company Address: 20 East Greenway Plaza, Suite 540 Houston 77046 TX
Company Phone Number: 892-1588 Stock Exchange / Ticker: NYSE NOVA
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