Quantbot Technologies LP Purchases New Stake in Sunnova Energy International Inc. (NYSE:NOVA)

Quantbot Technologies LP purchased a new position in shares of Sunnova Energy International Inc. (NYSE:NOVA - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 243,898 shares of the company's stock, valued at approximately $2,376,000. Quantbot Technologies LP owned 0.20% of Sunnova Energy International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Sunnova Energy International by 56.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,142,487 shares of the company's stock worth $78,915,000 after acquiring an additional 5,118,552 shares during the period. Vanguard Group Inc. lifted its position in Sunnova Energy International by 0.8% in the first quarter. Vanguard Group Inc. now owns 10,568,045 shares of the company's stock worth $64,782,000 after purchasing an additional 81,653 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Sunnova Energy International by 9.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company's stock worth $71,097,000 after acquiring an additional 611,452 shares during the period. Sylebra Capital LLC acquired a new stake in Sunnova Energy International during the second quarter valued at approximately $30,783,000. Finally, Electron Capital Partners LLC boosted its stake in Sunnova Energy International by 24.5% in the 2nd quarter. Electron Capital Partners LLC now owns 3,004,938 shares of the company's stock valued at $16,768,000 after buying an additional 591,514 shares in the last quarter.

Sunnova Energy International Trading Up 2.4 %

NOVA stock traded up $0.13 during midday trading on Friday, hitting $5.54. 5,762,694 shares of the company's stock were exchanged, compared to its average volume of 8,426,247. Sunnova Energy International Inc. has a one year low of $2.99 and a one year high of $16.35. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $692.22 million, a PE ratio of -1.63 and a beta of 2.26. The stock's fifty day moving average price is $6.14 and its 200-day moving average price is $6.91.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.45). The business had revenue of $235.30 million for the quarter, compared to the consensus estimate of $238.23 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company's revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.53) EPS. Research analysts predict that Sunnova Energy International Inc. will post -2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Sunnova Energy International from $9.00 to $6.25 and set a "hold" rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada boosted 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. Barclays lowered their target price on Sunnova Energy International from $12.00 to $10.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group upped their price target on shares of Sunnova Energy International from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Finally, BNP Paribas cut shares of Sunnova Energy International from a "neutral" rating to an "underperform" rating and set a $3.50 price objective for the company. in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $10.73.

Insiders Place Their Bets

In related news, CFO Eric Michael Williams acquired 13,800 shares of the company's stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $3.60 per share, for a total transaction of $49,680.00. Following the purchase, the chief financial officer now directly owns 13,800 shares in the company, valued at approximately $49,680. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Akbar Mohamed bought 50,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $3.64 per share, with a total value of $182,000.00. Following the completion of the purchase, the director now directly owns 352,654 shares of the company's stock, valued at $1,283,660.56. This represents a 16.52 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 118,517 shares of company stock valued at $439,605 in the last quarter. 4.50% of the stock is currently owned by insiders.

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.