Sylebra Capital LLC Has $121.20 Million Holdings in Sunnova Energy International Inc. (NYSE:NOVA)

Sylebra Capital LLC raised its holdings in shares of Sunnova Energy International Inc. (NYSE:NOVA - Free Report) by 125.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,443,048 shares of the company's stock after acquiring an additional 6,926,399 shares during the quarter. Sunnova Energy International makes up 4.0% of Sylebra Capital LLC's investment portfolio, making the stock its 8th largest position. Sylebra Capital LLC owned approximately 9.96% of Sunnova Energy International worth $121,195,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NOVA. International Assets Investment Management LLC lifted its position in Sunnova Energy International by 37,400.0% during the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company's stock valued at $308,000 after buying an additional 2,992 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Sunnova Energy International by 736.3% during the third quarter. GAMMA Investing LLC now owns 8,756 shares of the company's stock valued at $85,000 after purchasing an additional 7,709 shares during the period. Creative Planning purchased a new stake in shares of Sunnova Energy International during the third quarter valued at approximately $107,000. Presidio Capital Management LLC purchased a new stake in shares of Sunnova Energy International during the second quarter valued at approximately $67,000. Finally, nVerses Capital LLC raised its stake in shares of Sunnova Energy International by 237.8% during the second quarter. nVerses Capital LLC now owns 12,500 shares of the company's stock valued at $70,000 after purchasing an additional 8,800 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Sunnova Energy International from $12.00 to $10.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. BNP Paribas lowered shares of Sunnova Energy International from a "neutral" rating to an "underperform" rating and set a $3.50 price target for the company. in a research note on Friday, November 8th. Guggenheim lowered shares of Sunnova Energy International from a "buy" rating to a "neutral" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Sunnova Energy International from $9.00 to $6.25 and set a "hold" rating for the company in a research note on Friday, November 1st. Finally, Jefferies Financial Group started coverage on shares of Sunnova Energy International in a research note on Thursday, October 10th. They issued a "buy" rating and a $15.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.73.

Insiders Place Their Bets

In other Sunnova Energy International news, Director Akbar Mohamed bought 54,717 shares of the company's stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $3.80 per share, for a total transaction of $207,924.60. Following the acquisition, the director now directly owns 302,654 shares of the company's stock, valued at approximately $1,150,085.20. This trade represents a 22.07 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eric Michael Williams bought 13,800 shares of the company's stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $3.60 per share, for a total transaction of $49,680.00. Following the acquisition, the chief financial officer now directly owns 13,800 shares in the company, valued at $49,680. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 118,517 shares of company stock worth $439,605. Company insiders own 4.50% of the company's stock.

Sunnova Energy International Trading Down 4.0 %

NYSE NOVA traded down $0.18 on Tuesday, hitting $4.31. 6,847,226 shares of the company were exchanged, compared to its average volume of 8,428,697. The company's 50 day moving average price is $5.37 and its 200-day moving average price is $6.97. 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 firm has a market capitalization of $538.55 million, a P/E ratio of -1.34 and a beta of 2.22. Sunnova Energy International Inc. has a twelve month low of $2.99 and a twelve month high of $16.35.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.45). The company had revenue of $235.30 million for the quarter, compared to analyst estimates of $238.23 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. Sunnova Energy International's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.53) EPS. Analysts predict that Sunnova Energy International Inc. will post -2.44 earnings per share for the current fiscal year.

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.