Sunnova Energy

Sunnova Energy

Provides solar energy solutions and storage

About Sunnova Energy

Simplify's Rating
Why Sunnova Energy is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Energy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Houston, Texas

Founded

2012

Overview

Sunnova Energy provides clean energy solutions primarily through solar power and energy storage systems for homeowners and businesses. Their adaptive energy platform allows customers to access reliable and affordable renewable energy options. Sunnova generates revenue by offering long-term service agreements and financing options, making it easier for clients to adopt solar energy. Unlike many competitors, Sunnova focuses on promoting energy independence, helping customers reduce their reliance on traditional energy grids. The company's goal is to enhance the accessibility of clean energy and encourage the widespread use of sustainable energy alternatives.

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Simplify's Take

What believers are saying

  • Increased residential solar adoption boosts demand for Sunnova's services.
  • Partnership with OpenSolar enhances installation efficiency and customer satisfaction.
  • Collaboration with Finturf expands financing options for sustainable home improvements.

What critics are saying

  • Recent 15% workforce reduction may affect service quality and morale.
  • Financial instability concerns could deter investors and partners.
  • New CEO may lead to strategic shifts misaligned with market demands.

What makes Sunnova Energy unique

  • Sunnova offers nationwide solar coverage, more than any other provider.
  • The company uses a network of local installation partners for personalized service.
  • Sunnova's adaptive energy platform provides comprehensive solar and energy storage solutions.

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Funding

Total Funding

$880.3M

Above

Industry Average

Funded Over

6 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Holidays

Paid Parental Leave

Flexible Work Hours

Phone/Internet Stipend

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

3%

2 year growth

4%
HR Tech Wire
Mar 10th, 2025
Sunnova Names Paul Mathews as President and Chief Executive Officer

Sunnova Energy International Inc. ("Sunnova" or the "Company") (NYSE: NOVA), an industry-leading adaptive energy services company, today announced that Paul Mathews, formerly Chief Operating Officer, has been appointed President and Chief Executive Officer, effective immediately.

Houston Chronicle
Mar 3rd, 2025
Houston solar company Sunnova Energy warns there's 'substantial doubt' it will stay in business

Two weeks ago, Sunnova laid off more than 15% of its workforce, including approximately 100 Houston-area employees, to cut costs.

SolarQuarter
Feb 26th, 2025
Sunnova To Provide Solar And Energy Storage For Beazer Homes' VISION House(R) National Showcase Community Project

Sunnova Energy International Inc., a leading provider of adaptive energy services, has introduced a Zero Energy Ready Home (ZERH) at VISION House(R) Las Vegas.

Solar Power World
Feb 18th, 2025
Sunnova cuts 15% of workforce to 'focus on capital efficiency'

Solar services company Sunnova Energy announced it would cut 300 jobs to reduce costs and streamline its operations.

Solar Builder
Feb 10th, 2025
OpenSolar design tool now available in Sunnova dealer platform

Sunnova Energy International announced a strategic partnership with OpenSolar at the annual Sunnova Summit.

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