From Financial Modeling Prep: 2025-06-03 09:00:00

Sunnova Energy Corporation, known as NOVA on the NYSE, offers solar energy solutions to residential customers. With competitors like Sunrun and Tesla’s SolarCity, the company faces challenges in the growing solar industry.

NOVA’s upcoming quarterly earnings report on June 4, 2025, is expected to show an EPS of -$0.74 and revenue of $200 million. The negative P/E ratio of -0.067 reflects ongoing profitability struggles.

An amendment to Sunnova’s Loan Guarantee Agreement with the U.S. Department of Energy reduces partial guarantees from $3 billion to $371.6 million, aligning with guarantees for solar loan ABS transactions under Project Hestia.

The Trump administration’s revocation of a $3 billion loan guarantee presents a significant financial setback for Sunnova, impacting its stability and government support for projects.

Financial metrics for NOVA show challenges with a low price-to-sales ratio of 0.03, high enterprise value to sales ratio of 9.85, and significantly negative enterprise value to operating cash flow ratio of -26.62. A high debt-to-equity ratio of 4.62 and current ratio of 0.78 indicate potential difficulties in meeting liabilities.



Read more at Financial Modeling Prep:: Sunnova Energy Corporation’s Financial Challenges …