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Sunnova Energy Valuation Multiples

Discover revenue and EBITDA valuation multiples for Sunnova Energy and similar public comparables like Royal Vopak, Fastned, and ADNOC.

Sunnova Energy Overview

About Sunnova Energy

Sunnova Energy International Inc is a residential solar energy products and services provider company. It offers services such as operations and maintenance, monitoring, repairs and replacements, equipment upgrades, and onsite power optimization. The products and services offered by the group include Add-on battery storage, Home solar protection plans, New solar battery storage, and various other solar systems. It operates in a single reportable segment: solar energy products and services.


Founded

2012

HQ

United States of America
Employees

1.8K+

Website

sunnova.com

Financials

LTM Revenue $887M

LTM EBITDA $661M

EV

$8.3B

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Sunnova Energy Financials

Sunnova Energy has a last 12-month revenue of $887M and a last 12-month EBITDA of $661M.

In the most recent fiscal year, Sunnova Energy achieved revenue of $840M and an EBITDA of $156M.

Sunnova Energy expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Sunnova Energy P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $721M $840M XXX XXX XXX
Gross Profit $231M $293M XXX XXX XXX
Gross Margin 32% 35% XXX XXX XXX
EBITDA $50.3M $156M XXX XXX XXX
EBITDA Margin 7% 19% XXX XXX XXX
Net Profit -$162M -$418M XXX XXX XXX
Net Margin -22% -50% XXX XXX XXX
Net Debt $5.0B $7.3B XXX XXX XXX

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Sunnova Energy Stock Performance

As of April 15, 2025, Sunnova Energy's stock price is $0.

Sunnova Energy has current market cap of $31.3M, and EV of $8.3B.

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Sunnova Energy Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$8.3B $31.3M XXX XXX XXX XXX $-2.98

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Sunnova Energy Valuation Multiples

As of April 15, 2025, Sunnova Energy has market cap of $31.3M and EV of $8.3B.

Sunnova Energy's trades at 9.3x LTM EV/Revenue multiple, and 12.5x LTM EBITDA.

Analysts estimate Sunnova Energy's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Sunnova Energy Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $8.3B XXX XXX XXX
EV/Revenue 9.9x XXX XXX XXX
EV/EBITDA 53.0x XXX XXX XXX
P/E -0.1x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -4.2x XXX XXX XXX

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Sunnova Energy Valuation Multiples

Sunnova Energy's NTM/LTM revenue growth is 18%

Sunnova Energy's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.3M for the same period.

Over next 12 months, Sunnova Energy's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Sunnova Energy's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Sunnova Energy Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 17% XXX XXX XXX XXX
EBITDA Margin 19% XXX XXX XXX XXX
EBITDA Growth 211% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 36% XXX XXX XXX XXX
Revenue per Employee $0.5M XXX XXX XXX XXX
Opex per Employee $0.3M XXX XXX XXX XXX
S&M Expenses to Revenue 3% XXX XXX XXX XXX
G&A Expenses to Revenue 43% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 67% XXX XXX XXX XXX

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Sunnova Energy Public Comps

See public comps and valuation multiples for Energy Services and Solar comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
ADNOC XXX XXX XXX XXX XXX XXX
NMDC Energy XXX XXX XXX XXX XXX XXX
Fastned XXX XXX XXX XXX XXX XXX
Fugro XXX XXX XXX XXX XXX XXX
Royal Vopak XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Sunnova Energy M&A and Investment Activity

Sunnova Energy acquired  XXX companies to date.

Last acquisition by Sunnova Energy was  XXXXXXXX, XXXXX XXXXX XXXXXX . Sunnova Energy acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Sunnova Energy

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Sunnova Energy

When was Sunnova Energy founded? Sunnova Energy was founded in 2012.
Where is Sunnova Energy headquartered? Sunnova Energy is headquartered in United States of America.
How many employees does Sunnova Energy have? As of today, Sunnova Energy has 1.8K+ employees.
Who is the CEO of Sunnova Energy? Sunnova Energy's CEO is Mr. Paul S. Mathews.
Is Sunnova Energy publicy listed? Yes, Sunnova Energy is a public company listed on NYS.
What is the stock symbol of Sunnova Energy? Sunnova Energy trades under NOVA ticker.
When did Sunnova Energy go public? Sunnova Energy went public in 2019.
Who are competitors of Sunnova Energy? Similar companies to Sunnova Energy include e.g. ADNOC, NMDC Energy, Fastned, Fugro.
What is the current market cap of Sunnova Energy? Sunnova Energy's current market cap is $31.3M
What is the current revenue of Sunnova Energy? Sunnova Energy's last 12-month revenue is $887M.
What is the current EBITDA of Sunnova Energy? Sunnova Energy's last 12-month EBITDA is $661M.
What is the current EV/Revenue multiple of Sunnova Energy? Current revenue multiple of Sunnova Energy is 9.3x.
What is the current EV/EBITDA multiple of Sunnova Energy? Current EBITDA multiple of Sunnova Energy is 12.5x.
What is the current revenue growth of Sunnova Energy? Sunnova Energy revenue growth between 2023 and 2024 was 17%.
Is Sunnova Energy profitable? Yes, Sunnova Energy is EBITDA-positive (as of the last 12 months).

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