Sunnova Energy International (Sunnova Energy International) GF Value Rank : 2 (As of May. 06, 2024)

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What is Sunnova Energy International GF Value Rank?

Sunnova Energy International has the GF Value Rank of 2.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Sunnova Energy International's GF Value Rank

For the Solar subindustry, Sunnova Energy International's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sunnova Energy International's GF Value Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunnova Energy International's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Sunnova Energy International's GF Value Rank falls into.

Sunnova Energy International GF Value Rank Related Terms

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Sunnova Energy International (Sunnova Energy International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunnova Energy International Inc (NYSE:NOVA) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

7SE:Germany 7SE:Germany

Address

20 East Greenway Plaza, Suite 540, Houston, TX, USA, 77046

Website

https://www.sunnova.com

Sunnova Energy International Inc is a residential solar and energy storage service 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.

Executives

William J Berger	director, officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Akbar Mohamed	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Anne S Andrew	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Nora Mead Brownell	director	C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Mary Yang	director	7035 RIDGE RD, HANOVER MD 21076
Lynch Jack O. Iii	officer: See Remarks	601 W. RIVERSIDE AVENUE, SUITE 1100, SPOKANE WA 99201
Santo Salvo John T	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Kris W Hillstrand	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Chris Hayden	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Kelsey Hultberg	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Michael P Grasso	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Robert Lawrence Lane	officer: See Remarks	12140 WICKCHESTER LANE, SUITE 100, HOUSTON TX 77079
Meghan Nutting	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
David Searle	officer: See Remarks.	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Paul S Mathews	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046