Sunnova Energy International (NOVA) Scheduled to Post Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA - Get Free Report) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Sunnova Energy International to post earnings of ($0.47) per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.27. The business had revenue of $219.60 million for the quarter, compared to analyst estimates of $220.38 million. Sunnova Energy International had a negative return on equity of 8.85% and a negative net margin of 45.76%. The business's quarterly revenue was up 32.0% on a year-over-year basis. During the same period last year, the company posted ($0.74) EPS. On average, analysts expect Sunnova Energy International to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Sunnova Energy International Trading Down 3.8 %

Shares of NOVA traded down $0.20 during trading hours on Wednesday, hitting $5.01. The stock had a trading volume of 6,712,528 shares, compared to its average volume of 7,687,871. The company's fifty day simple moving average is $9.33 and its 200 day simple moving average is $6.85. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.97 and a current ratio of 0.97. Sunnova Energy International has a 12-month low of $3.37 and a 12-month high of $16.35. The firm has a market cap of $621.15 million, a P/E ratio of -1.49 and a beta of 2.21.

Insider Transactions at Sunnova Energy International

In related news, insider William J. Berger sold 77,000 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $11.31, for a total transaction of $870,870.00. Following the sale, the insider now directly owns 409,045 shares in the company, valued at approximately $4,626,298.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley raised their target price on Sunnova Energy International from $11.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 21st. Wells Fargo & Company lifted their target price on Sunnova Energy International from $6.00 to $9.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 6th. The Goldman Sachs Group lifted their price target on Sunnova Energy International from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Susquehanna boosted their target price on Sunnova Energy International from $12.00 to $14.00 and gave the stock a "positive" rating in a report on Friday, August 2nd. Finally, Guggenheim boosted their target price on Sunnova Energy International from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Sunnova Energy International currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.11.

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.