Sunnova Energy International is a residential solar and energy storage service provider. Co.'s primary software systems include: Pricing Tool, in which its customer pricing and quoting is delivered by a combination of cloud-based technologies including Genability, PV Watts (a service of the National Renewable Energy Laboratory) and proprietary applications running on Amazon Web Services and Heroku; and MySunnova, which is its online portal for customers that allows them to view their solar energy systems' production history, view energy storage system data, pay their bills, manage their online account and contact information, make referrals and contact its customer service team. We show 20 historical shares outstanding datapoints in our NOVA shares outstanding history coverage, used to compute NOVA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NOVA market cap history over the course of time is important for investors
interested in comparing NOVA's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NOVA versus a peer is one thing; comparing
NOVA market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NOVA can fluctuate over the course of history.
With this page we aim to empower investors researching NOVA by allowing them to research the NOVA market cap history. |
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Video: The Importance of Market Cap
