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Sunnova Energy (NOVA) Revenue & Revenue Breakdown

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Sunnova Energy Revenue Highlights

Latest Revenue (Y)

$720.65M

Latest Revenue (Q)

$235.29M

Main Segment (Y)

Inventory Sales Revenue

Main Geography (Y)

Inventory Sales Revenue

Sunnova Energy Revenue by Period

Sunnova Energy Revenue by Year

DateRevenueChange
2023-12-31$720.65M29.22%
2022-12-31$557.69M130.69%
2021-12-31$241.75M50.32%
2020-12-31$160.82M22.24%
2019-12-31$131.56M26.03%
2018-12-31$104.38M35.82%
2017-12-31$76.86M-

Sunnova Energy generated $720.65M in revenue during NA 2023, up 29.22% compared to the previous quarter, and up 690.40% compared to the same period a year ago.

Sunnova Energy Revenue by Quarter

DateRevenueChange
2024-09-30$235.29M7.15%
2024-06-30$219.60M36.48%
2024-03-31$160.90M-17.14%
2023-12-31$194.18M-2.13%
2023-09-30$198.40M19.25%
2023-06-30$166.38M2.89%
2023-03-31$161.70M-17.33%
2022-12-31$195.59M30.95%
2022-09-30$149.36M1.60%
2022-06-30$147.01M123.69%
2022-03-31$65.72M1.08%
2021-12-31$65.02M-5.63%
2021-09-30$68.90M3.52%
2021-06-30$66.56M61.25%
2021-03-31$41.28M8.55%
2020-12-31$38.02M-24.22%
2020-09-30$50.18M17.26%
2020-06-30$42.79M43.45%
2020-03-31$29.83M-11.26%
2019-12-31$33.61M-8.20%
2019-09-30$36.62M5.79%
2019-06-30$34.61M29.56%
2019-03-31$26.71M5.99%
2018-12-31$25.21M-17.16%
2018-09-30$30.43M5.06%
2018-06-30$28.96M46.40%
2018-03-31$19.78M-

Sunnova Energy generated $235.29M in revenue during Q3 2024, up 7.15% compared to the previous quarter, and up 141.42% compared to the same period a year ago.

Sunnova Energy Revenue Breakdown

Sunnova Energy Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Lease Revenue$147.79M$100.07M$71.78M$51.65M$40.19M
Solar Renewable Energy Certificate Revenue$50.38M$48.70M$41.54M$35.75M$38.45M
Service Revenue$16.20M----
Power Purchase Agreement (PPA)$123.65M$104.56M$86.09M$65.76M$48.04M
Other Revenue$5.41M$17.35M$7.40M$4.63M$3.23M
Inventory Sales Revenue$185.85M$195.98M---
Easy Own Program Revenue$34.72M$18.60M$7.77M$3.03M$1.65M
Cash Sales Revenue$96.07M$72.42M$27.18M--

Sunnova Energy's latest annual revenue breakdown by segment (product or service), as of Dec 23: Inventory Sales Revenue (28.16%), Lease Revenue (22.39%), Power Purchase Agreement (PPA) (18.73%), Cash Sales Revenue (14.55%), Solar Renewable Energy Certificate Revenue (7.63%), Easy Own Program Revenue (5.26%), Service Revenue (2.45%), and Other Revenue (0.82%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Other Revenue$2.90M$1.48M$373.00K-$1.75M$1.70M$16.94M$6.43M$5.85M$3.29M$1.79M$2.14M$2.03M$2.33M$893.00K$364.00K$2.41M$1.16M$692.00K$738.00K
Lease Revenue$62.30M$57.70M$50.55M$44.32M$37.97M$34.16M$31.34M$28.35M$25.91M$24.02M$21.78M$20.02M$17.84M$17.52M$16.40M$14.65M$13.12M$12.34M$11.54M$10.70M
Easy Own Program Revenue$12.56M$11.91M$11.18M$10.18M$9.28M$8.11M$7.14M$6.02M$5.01M$4.19M$3.38M$2.77M$2.13M$1.68M$1.20M$1.01M$788.00K$634.00K$599.00K$493.00K
Inventory Sales Revenue$28.79M$29.55M$23.57M$48.09M$51.36M$26.49M$59.91M$96.21M$45.53M$54.24M----------
Cash Sales Revenue$37.59M$33.98M$21.95M$33.24M$24.28M$21.72M$16.82M$26.73M$18.93M$15.41M$11.35M$11.56M$8.68M$6.94M------
Service Revenue$4.20M$3.56M$1.04M-$19.32M$19.98M--------------
Solar Renewable Energy Certificate Revenue$19.70M$14.74M$8.41M$11.39M$16.14M$15.05M$7.79M$11.53M$16.24M$14.69M$6.24M$10.89M$12.86M$11.83M$5.96M$8.50M$14.15M$8.73M$4.36M$11.54M
Power Purchase Agreement (PPA)$55.88M$55.79M$30.07M$24.45M$38.30M$39.16M$21.75M$20.33M$31.89M$31.16M$21.18M$17.64M$25.36M$26.25M$16.83M$13.49M$19.71M$19.92M$12.63M$10.15M

Sunnova Energy's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Lease Revenue (27.82%), Power Purchase Agreement (PPA) (24.96%), Cash Sales Revenue (16.79%), Inventory Sales Revenue (12.86%), Solar Renewable Energy Certificate Revenue (8.80%), Easy Own Program Revenue (5.61%), Service Revenue (1.87%), and Other Revenue (1.30%).

Sunnova Energy Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21Dec 20Dec 19
Inventory Sales Revenue$195.98M---
Lease Revenue$100.07M$71.78M$51.65M$40.19M
Easy Own Program Revenue$18.60M$7.77M$3.03M$1.65M
Other Revenue$17.35M$7.40M$4.63M$3.23M
Power Purchase Agreement (PPA)$104.56M$86.09M$65.76M$48.04M
Solar Renewable Energy Certificate Revenue$48.70M$41.54M$35.75M$38.45M
Cash Sales Revenue$72.42M$27.18M--

Sunnova Energy's latest annual revenue breakdown by geography, as of Dec 22: Inventory Sales Revenue (35.14%), Power Purchase Agreement (PPA) (18.75%), Lease Revenue (17.94%), Cash Sales Revenue (12.99%), Solar Renewable Energy Certificate Revenue (8.73%), Easy Own Program Revenue (3.34%), and Other Revenue (3.11%).

Sunnova Energy Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
JKSJinkoSolar$118.68B$23.04B
CSIQCanadian Solar$7.61B$1.33B
FSLRFirst Solar$3.32B$887.67M
SEDGSolarEdge$2.98B$265.40M
NXTNextracker$2.50B$635.57M
ENPHEnphase Energy$2.29B$380.87M
RUNSunrun$2.26B$537.17M
SPWRSunPower$1.69B$356.90M
MAXNMaxeon Solar$1.12B$187.46M
NOVASunnova Energy$720.65M$235.29M

NOVA Revenue FAQ

What is Sunnova Energy’s yearly revenue?

Sunnova Energy's yearly revenue for 2023 was $720.65M, representing an increase of 29.22% compared to 2022. The company's yearly revenue for 2022 was $557.69M, representing an increase of 130.69% compared to 2021. NOVA's yearly revenue for 2021 was $241.75M, representing an increase of 50.32% compared to 2020.

What is Sunnova Energy’s quarterly revenue?

Sunnova Energy's quarterly revenue for Q3 2024 was $235.29M, a 7.15% increase from the previous quarter (Q2 2024), and a 18.60% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $219.6M, a 36.48% increase from the previous quarter (Q1 2024), and a 31.99% increase year-over-year (Q2 2023). NOVA's quarterly revenue for Q1 2024 was $160.9M, a -17.14% decrease from the previous quarter (Q4 2023), and a -0.49% decrease year-over-year (Q1 2023).

What is Sunnova Energy’s revenue growth rate?

Sunnova Energy's revenue growth rate for the last 3 years (2021-2023) was 198.10%, and for the last 5 years (2019-2023) was 447.79%.

What are Sunnova Energy’s revenue streams?

Sunnova Energy's revenue streams in c 23 are Lease Revenue, Solar Renewable Energy Certificate Revenue, Service Revenue, Power Purchase Agreement (PPA), Other Revenue, Inventory Sales Revenue, Easy Own Program Revenue, and Cash Sales Revenue. Lease Revenue generated $147.79M in revenue, accounting 22.39% of the company's total revenue, up 47.68% year-over-year. Solar Renewable Energy Certificate Revenue generated $50.38M in revenue, accounting 7.63% of the company's total revenue, up 3.44% year-over-year. Service Revenue generated $16.2M in revenue, accounting 2.45% of the company's total revenue Power Purchase Agreement (PPA) generated $123.65M in revenue, accounting 18.73% of the company's total revenue, up 18.25% year-over-year. Other Revenue generated $5.41M in revenue, accounting 0.82% of the company's total revenue, down -68.80% year-over-year. Inventory Sales Revenue generated $185.86M in revenue, accounting 28.16% of the company's total revenue, down -5.17% year-over-year. Easy Own Program Revenue generated $34.72M in revenue, accounting 5.26% of the company's total revenue, up 86.64% year-over-year. Cash Sales Revenue generated $96.07M in revenue, accounting 14.55% of the company's total revenue, up 32.65% year-over-year.

What is Sunnova Energy’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Sunnova Energy was Inventory Sales Revenue. This segment made a revenue of $185.86M, representing 28.16% of the company's total revenue.