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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
2023-12-31-29.22%
2022-12-31-130.69%
2021-12-31-50.32%
2020-12-31-22.24%
2019-12-31-26.03%
2018-12-31-35.82%
2017-12-31--

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
2024-09-30-7.15%
2024-06-30-36.48%
2024-03-31--17.14%
2023-12-31--2.13%
2023-09-30-19.25%
2023-06-30-2.89%
2023-03-31--17.33%
2022-12-31-30.95%
2022-09-30-1.60%
2022-06-30-123.69%
2022-03-31-1.08%
2021-12-31--5.63%
2021-09-30-3.52%
2021-06-30-61.25%
2021-03-31-8.55%
2020-12-31--24.22%
2020-09-30-17.26%
2020-06-30-43.45%
2020-03-31--11.26%
2019-12-31--8.20%
2019-09-30-5.79%
2019-06-30-29.56%
2019-03-31-5.99%
2018-12-31--17.16%
2018-09-30-5.06%
2018-06-30-46.40%
2018-03-31--

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-----
Solar Renewable Energy Certificate Revenue-----
Service Revenue-----
Power Purchase Agreement (PPA)-----
Other Revenue-----
Inventory Sales Revenue-----
Easy Own Program Revenue-----
Cash Sales Revenue-----

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--------------------
Lease Revenue--------------------
Easy Own Program Revenue--------------------
Inventory Sales Revenue--------------------
Cash Sales Revenue--------------------
Service Revenue--------------------
Solar Renewable Energy Certificate Revenue--------------------
Power Purchase Agreement (PPA)--------------------

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----
Lease Revenue----
Easy Own Program Revenue----
Other Revenue----
Power Purchase Agreement (PPA)----
Solar Renewable Energy Certificate Revenue----
Cash Sales Revenue----

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--
CSIQCanadian Solar--
FSLRFirst Solar--
SEDGSolarEdge--
NXTNextracker--
ENPHEnphase Energy--
RUNSunrun--
SPWRSunPower--
MAXNMaxeon Solar--
NOVASunnova Energy--

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.