Sunnova
A power company offering rooftop solar service to homeowners through our network of local partners.
Launch date
Employees
Market cap
€1.3b
Enterprise valuation
€8.3b (Public information from Sep 2024)
Share price
$12.15 NOVA
Houston Texas (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 161m | 242m | 558m | 721m | 856m | 1.1b | 1.3b |
| % growth | 22 % | 50 % | 131 % | 29 % | 19 % | 27 % | 21 % |
| EBITDA | 55.8m | 85.8m | 118m | 63.5m | 674m | 737m | 860m |
| % EBITDA margin | 35 % | 35 % | 21 % | 9 % | 79 % | 68 % | 65 % |
| Profit | (252m) | (138m) | (162m) | (418m) | (259m) | (301m) | (288m) |
| % profit margin | (157 %) | (57 %) | (29 %) | (58 %) | (30 %) | (28 %) | (22 %) |
| EV / revenue | 39.0x | 25.5x | 12.8x | 12.7x | 11.9x | 11.0x | 10.2x |
| EV / EBITDA | 112.5x | 71.8x | 60.3x | 144.5x | 15.1x | 16.2x | 15.6x |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| N/A | $145m | Growth Equity VC | |
| N/A | $110m | Growth Equity VC | |
$250m | Growth Equity VC | ||
$300m | Debt | ||
$300m | Growth Equity VC | ||
$175m | Debt | ||
| N/A | $775m | Debt | |
$140m | Debt | ||
$100m | Growth Equity VC | ||
* | N/A | $170m Valuation: $900m 8.6x EV/LTM Revenues 28.1x EV/LTM EBITDA | IPO |
* | $150m | Post IPO Debt | |
* | N/A | $425m | Post IPO Convertible |
* | N/A | $71.4m | Post IPO Equity |
* | $400m | Post IPO Debt | |
* | $3.0b | Post IPO Debt | |
| Total Funding | €823m | ||
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