About Sunnova
Sunnova is a company based in Houston (United States) founded in 2010 by John Berger.. Sunnova has raised $1.54 billion across 17 funding rounds from investors including Goldman Sachs, US Bank and Credit Suisse. The company has 1,800 employees as of December 31, 2024. Sunnova has completed 1 acquisition, including SunStreet. Sunnova offers products and services including Solar Installation Services, Energy Maintenance Services, and Solar Energy Consulting. Sunnova operates in a competitive market with competitors including SolarCity, Sunrun, SunPower, Vivint Solar and SolarSquare, among others.
- Headquarter Houston, United States
- Employees 1800 as on 31 Dec, 2024
- Founders John Berger
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sunnova Energy International Inc
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Annual Revenue
$839.92 M16.55as on Dec 31, 2024
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Net Profit
$-367.89 M11.98as on Dec 31, 2024
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EBITDA
$42.03 M195.87as on Dec 31, 2024
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Total Equity Funding
$1.54 B (USD)
in 17 rounds
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Latest Funding Round
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Investors
Goldman Sachs
& 9 more
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Employee Count
1800
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Sunnova
Sunnova is a publicly listed company on the OTC with ticker symbol NOVAQ in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Sunnova
Sunnova offers a comprehensive portfolio of products and services, including Solar Installation Services, Energy Maintenance Services, and Solar Energy Consulting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides solar panel installation for residential energy efficiency.
Offers ongoing maintenance for solar systems to ensure optimal performance.
Delivers expert advice on solar options and energy savings for homes.
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Funding Insights of Sunnova
Sunnova has successfully raised a total of $1.54B across 17 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 17
- Last Round Last Round
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First Round
First Round
(22 May 2014)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Post-IPO - Sunnova | Valuation |
investors |
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| May, 2020 | Amount | Post-IPO - Sunnova | Valuation |
investors |
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| Jan, 2020 | Amount | Post-IPO - Sunnova | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sunnova
Sunnova has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, US Bank and Credit Suisse. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Magnetar Capital is engaged in alternative asset management.
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Founded Year | Domain | Location | |
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Investments are directed to opportunities in the UK and Israel.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sunnova
Sunnova has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SunStreet. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Residential properties are developed in Irvine, United States.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sunnova
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sunnova Comparisons
Competitors of Sunnova
Sunnova operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SolarCity, Sunrun, SunPower, Vivint Solar and SolarSquare, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar power systems are designed, financed, and installed for clients.
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| domain | founded_year | HQ Location |
Solar energy services are provided to residential customers nationwide.
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| domain | founded_year | HQ Location |
Silicon-based solar PV modules are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Provider of solar installation and designing services for residential
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| domain | founded_year | HQ Location |
Provider of solar panel installation services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sunnova
Frequently Asked Questions about Sunnova
When was Sunnova founded?
Sunnova was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is Sunnova located?
Sunnova is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Sunnova?
John Berger is the current CEO of Sunnova. They have also founded this company.
Is Sunnova a funded company?
Sunnova is a funded company, having raised a total of $1.54B across 17 funding rounds to date. The company's 1st funding round was a Post-IPO of $55M, raised on May 22, 2014.
How many employees does Sunnova have?
As of Dec 31, 2024, the latest employee count at Sunnova is 1,800.
What is the annual revenue of Sunnova?
Annual revenue of Sunnova is $839.92M as on Dec 31, 2024.
What does Sunnova do?
Sunnova was founded in 2010 and is headquartered in Houston, United States. Operations focus on the renewable energy sector, where solar panel installations and related services are offered to both residential and commercial clients. Maintenance and financing options for solar systems are also handled through the companys domain, sunnova.com. Leadership is provided by John Berger as founder and CEO, with activities centered in the U.S. market.
Who are the top competitors of Sunnova?
What products or services does Sunnova offer?
Sunnova offers Solar Installation Services, Energy Maintenance Services, and Solar Energy Consulting.
Is Sunnova publicly traded?
Yes, Sunnova is publicly traded on OTC under the ticker symbol NOVAQ.
How many acquisitions has Sunnova made?
Sunnova has made 1 acquisition, including SunStreet.
Who are Sunnova's investors?
Sunnova has 10 investors. Key investors include Goldman Sachs, US Bank, Credit Suisse, Energy Capital Partners, and CIT.
What is Sunnova's ticker symbol?
The ticker symbol of Sunnova is NOVAQ on OTC.
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