Sunnova Energy (NOVA) uses a network of independent dealers to install the company’s solar energy systems. Also, clients don’t need to make any initial up-front payment to benefit from the company’s services. Thanks to this business model, Sunnova Energy International is growing the number of customers at double-digit growth. Besides, the company reports revenue growth and positive EBITDA. With that, investors will need to study the amount of debt and the free cash flow generation carefully in the future. Those are the only weak points on this name.
Source: Prospectus
Source: Prospectus