Handelsbanken Fonder AB Sells 417,794 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Handelsbanken Fonder AB decreased its holdings in Sunnova Energy International Inc. (NYSE:NOVA - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,881,651 shares of the company's stock after selling 417,794 shares during the quarter. Handelsbanken Fonder AB owned about 5.51% of Sunnova Energy International worth $23,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NOVA. DRW Securities LLC bought a new position in Sunnova Energy International in the third quarter worth $989,000. Erste Asset Management GmbH bought a new position in Sunnova Energy International in the third quarter worth $76,550,000. Stratos Wealth Partners LTD. bought a new position in Sunnova Energy International in the fourth quarter worth $114,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Sunnova Energy International by 190.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 744,686 shares of the company's stock worth $7,253,000 after purchasing an additional 488,623 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Sunnova Energy International by 17.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 901,433 shares of the company's stock worth $8,780,000 after purchasing an additional 134,065 shares in the last quarter.

Sunnova Energy International Stock Performance

Shares of NOVA stock traded down $0.11 during trading hours on Friday, reaching $1.95. 7,156,409 shares of the company traded hands, compared to its average volume of 10,015,866. Sunnova Energy International Inc. has a 12-month low of $1.85 and a 12-month high of $13.00. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $243.03 million, a P/E ratio of -0.58 and a beta of 2.28. The firm has a 50-day moving average price of $3.13 and a 200 day moving average price of $5.89.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NOVA shares. BNP Paribas downgraded Sunnova Energy International from a "neutral" rating to an "underperform" rating and set a $3.50 price target for the company. in a report on Friday, November 8th. Jefferies Financial Group downgraded Sunnova Energy International from a "buy" rating to a "hold" rating and reduced their price target for the company from $9.00 to $2.00 in a report on Friday, February 7th. Susquehanna downgraded Sunnova Energy International from a "positive" rating to a "neutral" rating and reduced their price target for the company from $14.00 to $4.50 in a report on Friday, January 10th. Robert W. Baird reduced their price target on Sunnova Energy International from $12.00 to $9.00 and set an "outperform" rating for the company in a report on Wednesday, December 18th. Finally, Wolfe Research downgraded Sunnova Energy International from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.03.

Sunnova Energy International 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.