AQN.TO vs. NOVA
Compare and contrast key facts about Algonquin Power & Utilities Corp. (AQN.TO) and Sunnova Energy International Inc. (NOVA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQN.TO or NOVA.
Correlation
The correlation between AQN.TO and NOVA is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AQN.TO vs. NOVA - Performance Comparison
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Key characteristics
AQN.TO:
-0.15
NOVA:
-0.62
AQN.TO:
-0.13
NOVA:
-1.35
AQN.TO:
0.98
NOVA:
0.82
AQN.TO:
-0.11
NOVA:
-0.95
AQN.TO:
-0.39
NOVA:
-1.54
AQN.TO:
18.79%
NOVA:
61.50%
AQN.TO:
30.44%
NOVA:
153.81%
AQN.TO:
-78.58%
NOVA:
-99.67%
AQN.TO:
-53.57%
NOVA:
-99.61%
Fundamentals
AQN.TO:
CA$6.41B
NOVA:
$25.51M
AQN.TO:
CA$0.10
NOVA:
-$2.96
AQN.TO:
2.76
NOVA:
0.03
AQN.TO:
0.93
NOVA:
0.01
AQN.TO:
CA$1.76B
NOVA:
$903.15M
AQN.TO:
CA$1.36B
NOVA:
$418.79M
AQN.TO:
CA$468.93M
NOVA:
$206.75M
Returns By Period
In the year-to-date period, AQN.TO achieves a 27.25% return, which is significantly higher than NOVA's -93.91% return.
AQN.TO
27.25%
14.41%
20.38%
-4.61%
-10.32%
3.41%
NOVA
-93.91%
-24.35%
-94.02%
-94.82%
-56.46%
N/A
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Risk-Adjusted Performance
AQN.TO vs. NOVA — Risk-Adjusted Performance Rank
AQN.TO
NOVA
AQN.TO vs. NOVA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp. (AQN.TO) and Sunnova Energy International Inc. (NOVA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
AQN.TO vs. NOVA - Dividend Comparison
AQN.TO's dividend yield for the trailing twelve months is around 6.05%, while NOVA has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQN.TO Algonquin Power & Utilities Corp. | 6.05% | 8.54% | 6.94% | 10.66% | 5.59% | 3.91% | 3.98% | 4.82% | 4.27% | 4.82% | 4.50% | 3.83% |
NOVA Sunnova Energy International Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AQN.TO vs. NOVA - Drawdown Comparison
The maximum AQN.TO drawdown since its inception was -78.58%, smaller than the maximum NOVA drawdown of -99.67%. Use the drawdown chart below to compare losses from any high point for AQN.TO and NOVA. For additional features, visit the drawdowns tool.
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Volatility
AQN.TO vs. NOVA - Volatility Comparison
The current volatility for Algonquin Power & Utilities Corp. (AQN.TO) is 11.91%, while Sunnova Energy International Inc. (NOVA) has a volatility of 46.58%. This indicates that AQN.TO experiences smaller price fluctuations and is considered to be less risky than NOVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
AQN.TO vs. NOVA - Financials Comparison
This section allows you to compare key financial metrics between Algonquin Power & Utilities Corp. and Sunnova Energy International Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AQN.TO vs. NOVA - Profitability Comparison
AQN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Algonquin Power & Utilities Corp. reported a gross profit of 418.43M and revenue of 584.83M. Therefore, the gross margin over that period was 71.6%.
NOVA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Sunnova Energy International Inc. reported a gross profit of 99.34M and revenue of 224.13M. Therefore, the gross margin over that period was 44.3%.
AQN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Algonquin Power & Utilities Corp. reported an operating income of 105.57M and revenue of 584.83M, resulting in an operating margin of 18.1%.
NOVA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Sunnova Energy International Inc. reported an operating income of -43.90M and revenue of 224.13M, resulting in an operating margin of -19.6%.
AQN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Algonquin Power & Utilities Corp. reported a net income of -186.44M and revenue of 584.83M, resulting in a net margin of -31.9%.
NOVA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Sunnova Energy International Inc. reported a net income of -142.29M and revenue of 224.13M, resulting in a net margin of -63.5%.