NOVAQ (Sunnova Energy International) Tax Rate %: -13.21% (As of Dec. 2024)

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What is Sunnova Energy International Tax Rate %?

Sunnova Energy International NOVAQ Tax Rate % is -13.21% as of Dec. 2024.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Sunnova Energy International's Tax Expense for the three months ended in Dec. 2024 was $14.9 Mil. Sunnova Energy International's Pre-Tax Income for the three months ended in Dec. 2024 was $-112.8 Mil. Therefore, Sunnova Energy International's Tax Rate % for the quarter that ended in Dec. 2024 was -13.21%.

Sunnova Energy International Tax Rate % Related Terms

Sunnova Energy International Tax Rate % Historical Data

* Premium members only.

The historical data trend for Sunnova Energy International's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sunnova Energy International Tax Rate % Chart

Sunnova Energy International Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial -0.06 -0.18 -3.07 0.20 24.40

Sunnova Energy International Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.26 32.33 46.85 23.48 -13.21

Sunnova Energy International Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Sunnova Energy International's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=-144.513/-592.286
=24.40 %

Sunnova Energy International's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=14.9/-112.781
=-13.21 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of -13.21% mean?
Sunnova Energy International (NOVAQ) has a Tax Rate % of -13.21% as of Dec. 2024.
Is Sunnova Energy International's Tax Rate % too high?
Sunnova Energy International's current Tax Rate % is -13.21%.
How does Sunnova Energy International's Tax Rate % compare to VSTTF and SING?
Sunnova Energy International's Tax Rate % of -13.21% can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Semiconductors company?
A good Tax Rate % depends on the Semiconductors industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Sunnova Energy International's current Tax Rate % is -13.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunnova Energy International stock overvalued right now?
Sunnova Energy International (NOVAQ) has a current Tax Rate % of -13.21%. The current Tax Rate % is -13.21%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Sunnova Energy International (NOVAQ), the current Tax Rate % is -13.21% as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sunnova Energy International Business Description

Address 20 East Greenway Plaza, Suite 540, Houston, TX, USA, 77046
Sunnova Energy International Inc is a residential solar energy products and services 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. It operates in a single reportable segment: solar energy products and services.