Sunnova Energy International Inc. (NYSE:NOVA - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $5.29, but opened at $5.59. Sunnova Energy International shares last traded at $5.69, with a volume of 2,225,808 shares.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on NOVA shares. Piper Sandler raised their price objective on shares of Sunnova Energy International from $7.00 to $8.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Citigroup decreased their price target on shares of Sunnova Energy International from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price objective on Sunnova Energy International from $9.00 to $10.00 and gave the company a "market perform" rating in a research report on Monday, October 14th. Royal Bank of Canada raised 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. Finally, Scotiabank upped their target price on Sunnova Energy International from $10.00 to $14.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 6th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Sunnova Energy International has a consensus rating of "Moderate Buy" and an average price target of $12.11.
Read Our Latest Analysis on NOVA
Sunnova Energy International Trading Up 1.0 %
The stock has a fifty day moving average price of $9.14 and a 200 day moving average price of $6.86. 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 (NYSE:NOVA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.27. The company had revenue of $219.60 million for the quarter, compared to the consensus estimate 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 company's revenue for the quarter was up 32.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.74) earnings per share. Research analysts expect that Sunnova Energy International Inc. will post -1.99 earnings per share for the current year.
Insider Buying and Selling at Sunnova Energy International
In other Sunnova Energy International news, insider William J. Berger sold 77,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $11.31, for a total value of $870,870.00. Following the sale, the insider now owns 409,045 shares of the company's stock, valued at $4,626,298.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.50% of the company's stock.
Hedge Funds Weigh In On Sunnova Energy International
A number of hedge funds and other institutional investors have recently made changes to their positions in NOVA. International Assets Investment Management LLC raised its stake in shares of Sunnova Energy International by 37,400.0% in the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company's stock valued at $308,000 after acquiring an additional 2,992 shares during the last quarter. GAMMA Investing LLC boosted its stake in Sunnova Energy International by 736.3% in the third quarter. GAMMA Investing LLC now owns 8,756 shares of the company's stock worth $85,000 after purchasing an additional 7,709 shares in the last quarter. Peoples Bank KS bought a new stake in shares of Sunnova Energy International during the second quarter worth $56,000. Caxton Associates LP bought a new stake in shares of Sunnova Energy International during the first quarter worth $62,000. Finally, First Trust Direct Indexing L.P. acquired a new stake in shares of Sunnova Energy International in the first quarter valued at $66,000.
Sunnova Energy International Company Profile
(
Get Free Report)
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.
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