Down 71%, Is Sunnova Energy a Buy or Sell?

By Travis Hoium – Mar 14, 2024 at 5:46AM

NYSE: NOVA

Sunnova Energy International

Market Cap

$490M

Today's Change

(8.70%) $0.32

Current Price

$4.00

Price as of April 26, 2024, 4:00 p.m. ET

This solar installer was growing quickly until the industry faced hard times.

Residential solar installer Sunnova (NOVA 8.70%) has dropped over the past year, along with all the other solar installers, but the company's recent fall has been troubling. In this video, Travis Hoium shows why Sunnova's financials are in rough shape and need a lot of industry and interest rate changes to recover.

*Stock prices used were end-of-day prices of March 8, 2024. The video was published on March 13, 2024.

Travis Hoium has positions in SunPower. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.