Barclays Issues Pessimistic Forecast for Sunnova Energy International (NYSE:NOVA) Stock Price

Sunnova Energy International (NYSE:NOVA - Free Report) had its price objective decreased by Barclays from $10.00 to $9.00 in a report published on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities analysts have also recently issued reports on NOVA. Susquehanna cut shares of Sunnova Energy International from a "positive" rating to a "neutral" rating and reduced their price objective for the company from $14.00 to $4.50 in a research note on Friday, January 10th. Piper Sandler reduced their price objective on shares of Sunnova Energy International from $8.00 to $4.50 and set a "neutral" rating on the stock in a research note on Friday, November 22nd. Morgan Stanley reduced their price target on shares of Sunnova Energy International from $12.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Sunnova Energy International from $9.00 to $6.25 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, Jefferies Financial Group started coverage on shares of Sunnova Energy International in a research report on Thursday, October 10th. They set a "buy" rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $9.60.

Sunnova Energy International Trading Down 8.9 %

NOVA stock traded down $0.25 during midday trading on Wednesday, reaching $2.57. The company's stock had a trading volume of 14,628,681 shares, compared to its average volume of 8,875,782. Sunnova Energy International has a 52 week low of $2.55 and a 52 week high of $13.00. The stock has a market cap of $321.12 million, a PE ratio of -0.77 and a beta of 2.29. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The business's 50-day simple moving average is $3.89 and its 200-day simple moving average is $6.41.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last announced 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 net margin of 51.02% and a negative return on equity of 11.15%. The business had revenue of $235.30 million during the quarter, compared to the consensus estimate of $238.23 million. During the same period in the previous year, the business posted ($0.53) earnings per share. Sunnova Energy International's revenue was up 18.6% compared to the same quarter last year. As a group, sell-side analysts expect that Sunnova Energy International will post -2.57 EPS for the current year.

Insider Transactions at Sunnova Energy International

In other Sunnova Energy International news, CFO Eric Michael Williams acquired 13,800 shares of the business's stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $3.60 per share, with a total value of $49,680.00. Following the acquisition, the chief financial officer now directly owns 13,800 shares of the company's stock, valued at approximately $49,680. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Akbar Mohamed purchased 50,000 shares of the business's stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $3.64 per share, with a total value of $182,000.00. Following the acquisition, the director now owns 352,654 shares in the company, valued at $1,283,660.56. This trade represents a 16.52 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 118,517 shares of company stock worth $439,605 in the last ninety days. Insiders own 4.50% of the company's stock.

Institutional Trading of Sunnova Energy International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Atria Wealth Solutions Inc. lifted its holdings in shares of Sunnova Energy International by 85.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 24,845 shares of the company's stock worth $85,000 after acquiring an additional 11,435 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Sunnova Energy International during the 4th quarter worth approximately $114,000. Kempner Capital Management Inc. acquired a new position in Sunnova Energy International during the 4th quarter worth approximately $51,000. Swedbank AB increased its position in Sunnova Energy International by 19.2% during the 4th quarter. Swedbank AB now owns 341,652 shares of the company's stock worth $1,172,000 after purchasing an additional 55,000 shares in the last quarter. Finally, PFG Investments LLC increased its position in Sunnova Energy International by 37.0% during the 4th quarter. PFG Investments LLC now owns 18,345 shares of the company's stock worth $63,000 after purchasing an additional 4,955 shares in the last quarter.

Sunnova Energy International Company Profile

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.