Sunnova Energy International (Sunnova Energy International) Momentum Rank : 4 (As of May. 02, 2024)

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What is Sunnova Energy International Momentum Rank?

Sunnova Energy International has the Momentum Rank of 4.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Sunnova Energy International's Momentum Rank

For the Solar subindustry, Sunnova Energy International's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sunnova Energy International's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunnova Energy International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sunnova Energy International's Momentum Rank falls into.

Sunnova Energy International Momentum Rank Related Terms

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Sunnova Energy International (Sunnova Energy International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunnova Energy International Inc (NYSE:NOVA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

7SE:Germany 7SE:Germany

Address

20 East Greenway Plaza, Suite 540, Houston, TX, USA, 77046

Website

https://www.sunnova.com

Sunnova Energy International Inc is a residential solar and energy storage service provider company. It offers services such as operations and maintenance, monitoring, repairs and replacements, equipment upgrades and onsite power optimization. The products and services offered by the group include Add-on battery storage, Home solar protection plans, New solar battery storage, and various other solar systems.

Executives

William J Berger	director, officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Akbar Mohamed	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Anne S Andrew	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Nora Mead Brownell	director	C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Mary Yang	director	7035 RIDGE RD, HANOVER MD 21076
Lynch Jack O. Iii	officer: See Remarks	601 W. RIVERSIDE AVENUE, SUITE 1100, SPOKANE WA 99201
Santo Salvo John T	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Kris W Hillstrand	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Chris Hayden	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Kelsey Hultberg	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Michael P Grasso	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Robert Lawrence Lane	officer: See Remarks	12140 WICKCHESTER LANE, SUITE 100, HOUSTON TX 77079
Meghan Nutting	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
David Searle	officer: See Remarks.	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Paul S Mathews	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046