Sunnova Energy International (NYSE:NOVA) Given New $6.25 Price Target at Deutsche Bank Aktiengesellschaft

Sunnova Energy International (NYSE:NOVA - Free Report) had its price target decreased by Deutsche Bank Aktiengesellschaft from $9.00 to $6.25 in a research report sent to investors on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other equities research analysts also recently commented on NOVA. Piper Sandler lifted their target price on Sunnova Energy International from $7.00 to $8.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Jefferies Financial Group started coverage on Sunnova Energy International in a research report on Thursday, October 10th. They set a "buy" rating and a $15.00 price target for the company. Morgan Stanley lifted their price target on Sunnova Energy International from $11.00 to $13.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 21st. 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 research report on Friday, August 2nd. Finally, Guggenheim lifted their price target on Sunnova Energy International from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.61.

Sunnova Energy International Stock Down 5.8 %

NOVA traded down $0.35 during trading on Friday, hitting $5.72. The stock had a trading volume of 8,257,743 shares, compared to its average volume of 7,759,456. The company has a market capitalization of $714.20 million, a PE ratio of -1.71 and a beta of 2.21. Sunnova Energy International has a twelve month low of $3.37 and a twelve month high of $16.35. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50 day simple moving average of $8.69 and a two-hundred day simple moving average of $6.86.

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 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 11.46%. The company had revenue of $235.30 million for the quarter, compared to analysts' expectations of $238.23 million. During the same period last year, the firm earned ($0.53) earnings per share. Sunnova Energy International's quarterly revenue was up 18.6% compared to the same quarter last year. On average, research analysts predict that Sunnova Energy International will post -1.99 earnings per share for the current year.

Insider Transactions at Sunnova Energy International

In other news, insider William J. Berger sold 77,000 shares of Sunnova Energy International 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 directly owns 409,045 shares of the company's stock, valued at $4,626,298.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Sunnova Energy International

Several institutional investors and hedge funds have recently modified their holdings of NOVA. First Trust Direct Indexing L.P. purchased a new position in shares of Sunnova Energy International in the 1st quarter valued at about $66,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Sunnova Energy International by 7.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,766 shares of the company's stock valued at $630,000 after purchasing an additional 6,751 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Sunnova Energy International by 129.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,788 shares of the company's stock valued at $72,000 after purchasing an additional 6,661 shares during the period. GSA Capital Partners LLP lifted its position in Sunnova Energy International by 100.5% during the 1st quarter. GSA Capital Partners LLP now owns 109,710 shares of the company's stock worth $673,000 after acquiring an additional 55,000 shares during the period. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in Sunnova Energy International during the 1st quarter worth approximately $1,846,000.

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.