NOVA vs. ENPH

Last updated Apr 1, 2026

Compare and contrast key facts about Sunnova Energy International Inc. (NOVA) and Enphase Energy, Inc. (ENPH).

Performance

NOVA vs. ENPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sunnova Energy International Inc. (NOVA) and Enphase Energy, Inc. (ENPH). The values are adjusted to include any dividend payments, if applicable.

NOVA vs. ENPH - Yearly Performance Comparison

	2026 (YTD)
NOVA Sunnova Energy International Inc.	0.00%
ENPH Enphase Energy, Inc.	-24.08%

Fundamentals

Total Revenue (TTM) NOVA : $839.92M ENPH : $1.47B
Gross Profit (TTM) NOVA : $376.96M ENPH : $687.00M
EBITDA (TTM) NOVA : $156.33M ENPH : $250.47M

Returns By Period

NOVA

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ENPH

• 1D: 6.09%
• 1M: -10.55%
• YTD: 17.97%
• 6M: 6.84%
• 1Y: -39.07%
• 3Y*: -43.56%
• 5Y*: -25.31%
• 10Y*: 31.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NOVA vs. ENPH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENPH

ENPH Risk / Return Rank: 23
ENPH Sharpe Ratio Rank: 21
ENPH Sortino Ratio Rank: 24
ENPH Omega Ratio Rank: 24
ENPH Calmar Ratio Rank: 20
ENPH Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOVA vs. ENPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sunnova Energy International Inc. (NOVA) and Enphase Energy, Inc. (ENPH). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NOVA	ENPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.47	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.16	—

Dividends

NOVA vs. ENPH - Dividend Comparison

Neither NOVA nor ENPH has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NOVA vs. ENPH - Drawdown Comparison

The maximum NOVA drawdown since its inception was 0.00%, smaller than the maximum ENPH drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for NOVA and ENPH.

Drawdown Indicators

	NOVA	ENPH	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-95.97%	+95.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-58.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.23%	—
Current Drawdown Current decline from peak	0.00%	-88.75%	+88.75%
Average Drawdown Average peak-to-trough decline	0.00%	-50.06%	+50.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	38.75%	—

Volatility

Volatility by Period

	NOVA	ENPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	82.78%	-82.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	68.17%	-68.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	77.54%	-77.54%

Financials