LIVE
NOVA
Sunnova Energy International Inc. · Energy
N/A
N/A this month
VERSUS
⟷
COMPARE
ENPH
Enphase Energy, Inc. · Technology
$43.06
-21.12% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
NOVA
0
ENPH
0
Comparison scoreboard
MIXED SETUPAI Score
NOVA N/A
ENPH 60.3
1Y Return
NOVA N/A
ENPH +2.88%
Fwd P/E
NOVA N/A
ENPH 18.59
Target Up.
NOVA N/A
ENPH +9.16%
Op. Margin
NOVA N/A
ENPH -9.13%
Metrics last refreshed: 7/14/2026
Quick take
NOVA vs ENPH: Sunnova vs Enphase Stock Comparison: AI Score, Valuation, Performance and Upside
Sunnova is a solar financing company that owns the systems it installs under long-term leases and PPAs, while Enphase is a technology company that manufactures microinverter systems sold through installers. Sunnova has more capital intensity and interest rate risk; Enphase has a more asset-light model but faces the same residential solar demand dynamics.
NOVA vs ENPH is solar financing company versus solar hardware technology — Sunnova wins if capital costs decrease and recurring PPA revenue scales profitably; Enphase wins if residential solar volume normalizes and microinverter market share is sustained against SolarEdge.
Live analysis · updated 7/14/2026
NOVA and ENPH are closely matched — they split the tracked metrics evenly.
Normalized 1Y performance
NOVA
ENPH
Not enough data to chart yet.
Recent returns
NOVA
ENPH
Analyst price targets & sentiment
NOVA
Price target data unavailable
N/A
ENPH · 33 analysts
STRONG BUYHOLDSTRONG SELL
Hold (2.7/5.0)
Price target range
analyst low$33.00
analyst high$95.00
analyst mean$48.93
current price$43.06
+9.2% upside to analyst mean
Who should consider this stock?
NOVA may suit investors who:
- →want recurring revenue from owned residential solar systems under long-term PPA and lease contracts
- →believe declining interest rates would significantly reduce Sunnova's cost of capital and improve economics
- →value battery storage attachment as an increasing per-customer revenue driver
- →are comfortable with high capital intensity and longer cash flow breakeven timelines
ENPH may suit investors who:
- →prefer asset-light solar hardware technology vs solar asset financing companies
- →value Enphase's microinverter technology differentiation and battery integration
- →believe residential solar demand will normalize as financing rates ease
- →want residential solar exposure without the capital intensity and interest rate sensitivity of solar finance companies
Performance & AI score
| Metric | NOVA | ENPH |
|---|---|---|
| AI score | N/A | 60.3 |
| AI rank | N/A | #203 |
| Latest close | N/A | $43.06 |
| 1M return | N/A | -21.12% |
| 6M return | N/A | +22.26% |
| 1Y return | N/A | +2.88% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | NOVA | ENPH |
|---|---|---|
| 1Y ago | N/A | $10.26K (+2.6%) started 2025-07-14 |
| 5Y ago | N/A | $2.52K (-74.8%) started 2021-07-14 |
| 10Y ago | N/A | $226.63K (+2166.3%) started 2016-07-14 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | NOVA | ENPH |
|---|---|---|
| Market cap | N/A | $5.91B |
| Trailing P/E | N/A | 44.39 |
| Forward P/E | N/A | 18.59 |
| Price/Sales | 0.00 | 3.80 |
| EV/Revenue | N/A | 3.99 |
| Analyst target | N/A | $48.93 |
| Target upside | N/A | +9.16% |
Growth, profitability & risk
| Metric | NOVA | ENPH |
|---|---|---|
| Revenue growth | N/A | -20.60% |
| Earnings growth | N/A | -36.40% |
| EPS growth | N/A | -36.40% |
| FCF margin | N/A | +6.54% |
| Operating margin | N/A | -9.13% |
| Profit margin | N/A | 9.64% |
| ROIC proxy | N/A | 14.11% |
| Return on equity | N/A | 14.11% |
| Dividend yield | N/A | N/A |
| Beta | 0.49 | 1.61 |
| Debt/equity | N/A | 55.53 |
| Current ratio | N/A | 3.80 |
| Quick ratio | N/A | 2.71 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
NOVA max drawdownN/A
ENPH max drawdown40.56%
NOVA max wkly dropN/A
ENPH max wkly drop26.73%
5Y risk snapshot
NOVA max drawdownN/A
ENPH max drawdown92.23%
NOVA max wkly dropN/A
ENPH max wkly drop33.19%
10Y risk snapshot
NOVA max drawdownN/A
ENPH max drawdown92.23%
NOVA max wkly dropN/A
ENPH max wkly drop42.51%
Performance metrics by period
| Period | Metric | NOVA | ENPH |
|---|---|---|---|
| 1Y | Growth | N/A | +2.57% |
| CAGR | N/A | +2.58% | |
| Sharpe ratio | N/A | 0.38 | |
| Max drawdown | N/A | 40.56% | |
| Max daily drop | N/A | 18.01% | |
| Max wkly drop | N/A | 26.73% | |
| 5Y | Growth | N/A | -74.79% |
| CAGR | N/A | -24.10% | |
| Sharpe ratio | N/A | -0.11 | |
| Max drawdown | N/A | 92.23% | |
| Max daily drop | N/A | 25.73% | |
| Max wkly drop | N/A | 33.19% | |
| 10Y | Growth | N/A | +2166.32% |
| CAGR | N/A | +36.64% | |
| Sharpe ratio | N/A | 0.73 | |
| Max drawdown | N/A | 92.23% | |
| Max daily drop | N/A | 28.14% | |
| Max wkly drop | N/A | 42.51% |
Business comparison
| Category | NOVA | ENPH |
|---|---|---|
| Company | Sunnova Energy International Inc. | Enphase Energy, Inc. |
| Sector | Energy | Technology |
| Industry | N/A | Solar |
| Core business | Residential solar and battery storage service company that installs, owns, and operates solar systems for homeowners through long-term power purchase agreements (PPAs) and lease contracts. Sunnova earns recurring revenue from homeowners for electricity delivered by Sunnova-owned systems. | Manufacturer of microinverter systems and energy management technology for residential and commercial solar. Enphase sells hardware (microinverters, batteries, EV chargers) through solar installers, not directly to homeowners. |
| Investor focus | Customer count growth, recurring revenue per customer, financing cost management, dealer network quality, and path to positive operating cash flow. | US and European microinverter shipment volumes, IQ Battery attach rate, installer inventory normalization, and international market growth. |
NOVA strengths
- →Long-term PPA and lease contracts create predictable recurring revenue streams across a growing customer base
- →Sunnova's dealer network installs on its behalf, reducing direct labor cost complexity
- →Battery storage attachment rate is high, increasing per-customer system value and resilience product appeal
ENPH strengths
- →Microinverter technology is a genuine product differentiation that justifies premium pricing vs string inverters
- →Asset-light business model — Enphase sells hardware rather than owning solar assets, reducing capital intensity vs Sunnova
- →Battery integration creates a complete home energy system that drives long-term installer loyalty
Risks to watch — NOVA
- →Sunnova's business model requires substantial upfront capital to finance solar system installations before recouping revenue over 20+ years — very capital-intensive
- →Interest rate sensitivity is extreme — higher rates increase the cost of capital for solar asset financing dramatically
- →Customer defaults and early termination from leases are risks that can create asset value impairment
Risks to watch — ENPH
- →Residential solar volume depends heavily on financing rates — Enphase is downstream from the same affordability challenge as Sunnova
- →Inventory destocking from over-shipping hurt Enphase's revenue in 2024 — normalization timing has been uncertain
- →SolarEdge competition in microinverter and battery markets has increased pricing pressure
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