DRW Securities LLC Invests $989,000 in Sunnova Energy International Inc. (NYSE:NOVA)

DRW Securities LLC bought a new stake in Sunnova Energy International Inc. (NYSE:NOVA - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 101,500 shares of the company's stock, valued at approximately $989,000. DRW Securities LLC owned about 0.08% of Sunnova Energy International at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Sunnova Energy International by 56.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,142,487 shares of the company's stock valued at $78,915,000 after acquiring an additional 5,118,552 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Sunnova Energy International by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 10,568,045 shares of the company's stock valued at $64,782,000 after purchasing an additional 81,653 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Sunnova Energy International by 9.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company's stock worth $71,097,000 after purchasing an additional 611,452 shares during the period. Sylebra Capital LLC acquired a new stake in Sunnova Energy International during the 2nd quarter worth approximately $30,783,000. Finally, Electron Capital Partners LLC raised its holdings in Sunnova Energy International by 24.5% in the second quarter. Electron Capital Partners LLC now owns 3,004,938 shares of the company's stock valued at $16,768,000 after buying an additional 591,514 shares during the period.

Sunnova Energy International Stock Performance

Shares of NOVA stock traded up $0.01 during trading hours on Tuesday, reaching $5.35. The stock had a trading volume of 10,991,502 shares, compared to its average volume of 8,431,654. The firm has a market capitalization of $668.48 million, a PE ratio of -1.60 and a beta of 2.26. The firm has a 50-day simple moving average of $6.40 and a 200-day simple moving average of $6.93. Sunnova Energy International Inc. has a twelve month low of $2.99 and a twelve month high of $16.35. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.45). Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The business had revenue of $235.30 million during the quarter, compared to the consensus estimate of $238.23 million. During the same period last year, the company earned ($0.53) earnings per share. The business's quarterly revenue was up 18.6% compared to the same quarter last year. As a group, equities analysts forecast that Sunnova Energy International Inc. will post -2.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NOVA shares. BNP Paribas downgraded shares of Sunnova Energy International from a "neutral" rating to an "underperform" rating and set a $3.50 price objective for the company. in a research note on Friday, November 8th. Guggenheim downgraded Sunnova Energy International from a "buy" rating to a "neutral" rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on Sunnova Energy International from $9.00 to $10.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Barclays lowered their target price on Sunnova Energy International from $12.00 to $10.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Sunnova Energy International from $9.00 to $6.25 and set a "hold" rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.73.

Insider Activity at Sunnova Energy International

In related news, Director Akbar Mohamed acquired 54,717 shares of Sunnova Energy International stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $3.80 per share, with a total value of $207,924.60. Following the purchase, the director now directly owns 302,654 shares in the company, valued at $1,150,085.20. The trade was a 22.07 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric Michael Williams bought 13,800 shares of the business's stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $3.60 per share, for a total transaction of $49,680.00. Following the completion of the transaction, the chief financial officer now directly owns 13,800 shares of the company's stock, valued at $49,680. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 118,517 shares of company stock worth $439,605 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

About Sunnova Energy International

Sunnova Energy International Inc engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services.