Sunnova Energy International (NYSE:NOVA) Given New $0.85 Price Target at BMO Capital Markets

Sunnova Energy International (NYSE:NOVA - Get Free Report) had its price target reduced by research analysts at BMO Capital Markets from $4.00 to $0.85 in a report issued on Tuesday,Benzinga reports. The firm presently has a "market perform" rating on the stock. BMO Capital Markets' target price points to a potential upside of 68.99% from the stock's previous close.

NOVA has been the topic of a number of other reports. TD Cowen started coverage on shares of Sunnova Energy International in a research report on Thursday, December 19th. They set a "hold" rating and a $5.00 target price on the stock. Wolfe Research cut shares of Sunnova Energy International from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. Piper Sandler reduced their target price on shares of Sunnova Energy International from $8.00 to $4.50 and set a "neutral" rating on the stock in a research report on Friday, November 22nd. Roth Mkm lowered shares of Sunnova Energy International from a "buy" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company lowered shares of Sunnova Energy International from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $4.00 to $0.50 in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $5.39.

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Sunnova Energy International Trading Down 3.3 %

NOVA stock traded down $0.02 during midday trading on Tuesday, reaching $0.50. 24,029,645 shares of the company's stock traded hands, compared to its average volume of 15,046,004. The company has a market capitalization of $62.85 million, a P/E ratio of -0.15 and a beta of 2.64. 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 has a fifty-two week low of $0.47 and a fifty-two week high of $13.00. The business has a 50-day moving average price of $2.57 and a two-hundred day moving average price of $5.36.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($2.96) earnings per share for the quarter, missing analysts' consensus estimates of ($0.79) by ($2.17). 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 $224.13 million for the quarter, compared to analyst estimates of $235.85 million. During the same period last year, the firm earned $0.37 earnings per share. Equities research analysts forecast that Sunnova Energy International will post -2.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunnova Energy International

Institutional investors and hedge funds have recently bought and sold shares of the business. Cibc World Markets Corp acquired a new stake in Sunnova Energy International in the 4th quarter valued at about $35,000. Crux Wealth Advisors acquired a new stake in Sunnova Energy International in the 4th quarter valued at about $35,000. Two Sigma Advisers LP acquired a new stake in Sunnova Energy International in the 4th quarter valued at about $35,000. Integrated Wealth Concepts LLC acquired a new stake in Sunnova Energy International in the 4th quarter valued at about $40,000. Finally, Teza Capital Management LLC acquired a new stake in Sunnova Energy International in the 4th quarter valued at about $48,000.

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.