SEDG vs. NOVA
Compare and contrast key facts about SolarEdge Technologies, Inc. (SEDG) and Sunnova Energy International Inc. (NOVA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SEDG or NOVA.
Correlation
The correlation between SEDG and NOVA is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SEDG vs. NOVA - Performance Comparison
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Key characteristics
SEDG:
-0.63
NOVA:
-0.62
SEDG:
-0.72
NOVA:
-1.33
SEDG:
0.92
NOVA:
0.82
SEDG:
-0.67
NOVA:
-0.95
SEDG:
-1.04
NOVA:
-1.53
SEDG:
63.31%
NOVA:
61.81%
SEDG:
103.19%
NOVA:
153.75%
SEDG:
-97.16%
NOVA:
-99.67%
SEDG:
-95.07%
NOVA:
-99.58%
Fundamentals
SEDG:
$1.13B
NOVA:
$26.24M
SEDG:
-$30.59
NOVA:
-$2.96
SEDG:
1.23
NOVA:
0.03
SEDG:
1.90
NOVA:
0.01
SEDG:
$916.54M
NOVA:
$903.15M
SEDG:
-$804.27M
NOVA:
$418.79M
SEDG:
-$1.66B
NOVA:
$206.75M
Returns By Period
In the year-to-date period, SEDG achieves a 33.46% return, which is significantly higher than NOVA's -93.42% return.
SEDG
33.46%
42.24%
48.28%
-65.24%
-31.50%
-6.98%
NOVA
-93.42%
-18.19%
-93.34%
-94.60%
-56.28%
N/A
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Risk-Adjusted Performance
SEDG vs. NOVA — Risk-Adjusted Performance Rank
SEDG
NOVA
SEDG vs. NOVA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SolarEdge Technologies, Inc. (SEDG) 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
SEDG vs. NOVA - Dividend Comparison
Neither SEDG nor NOVA has paid dividends to shareholders.
Drawdowns
SEDG vs. NOVA - Drawdown Comparison
The maximum SEDG drawdown since its inception was -97.16%, roughly equal to the maximum NOVA drawdown of -99.67%. Use the drawdown chart below to compare losses from any high point for SEDG and NOVA. For additional features, visit the drawdowns tool.
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Volatility
SEDG vs. NOVA - Volatility Comparison
The current volatility for SolarEdge Technologies, Inc. (SEDG) is 33.28%, while Sunnova Energy International Inc. (NOVA) has a volatility of 47.48%. This indicates that SEDG 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
SEDG vs. NOVA - Financials Comparison
This section allows you to compare key financial metrics between SolarEdge Technologies, Inc. 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
SEDG vs. NOVA - Profitability Comparison
SEDG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, SolarEdge Technologies, Inc. reported a gross profit of 17.54M and revenue of 219.48M. Therefore, the gross margin over that period was 8.0%.
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%.
SEDG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, SolarEdge Technologies, Inc. reported an operating income of -102.73M and revenue of 219.48M, resulting in an operating margin of -46.8%.
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%.
SEDG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, SolarEdge Technologies, Inc. reported a net income of -98.52M and revenue of 219.48M, resulting in a net margin of -44.9%.
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%.