Sunnova Energy International Inc. (NYSE:NOVA) Receives $10.73 Consensus PT from Analysts

Shares of Sunnova Energy International Inc. (NYSE:NOVA - Get Free Report) have received a consensus rating of "Hold" from the twenty-three analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.63.

Several brokerages have recently commented on NOVA. Barclays lowered their price objective on Sunnova Energy International from $12.00 to $10.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Sunnova Energy International from $9.00 to $6.25 and set a "hold" rating on the stock in a report on Friday, November 1st. BMO Capital Markets restated a "market perform" rating and issued a $8.00 price target (down from $10.00) on shares of Sunnova Energy International in a research note on Friday, November 1st. Guggenheim cut shares of Sunnova Energy International from a "buy" rating to a "neutral" rating in a research report on Thursday, November 7th. Finally, Robert W. Baird dropped their target price on shares of Sunnova Energy International from $18.00 to $12.00 and set an "outperform" rating for the company in a research report on Friday, November 1st.

Sunnova Energy International Stock Performance

NYSE NOVA traded up $0.21 on Tuesday, reaching $4.21. 15,158,428 shares of the stock were exchanged, compared to its average volume of 9,734,341. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. Sunnova Energy International has a one year low of $2.99 and a one year high of $16.35. The firm has a market capitalization of $525.41 million, a PE ratio of -1.26 and a beta of 2.22. The company's 50-day simple moving average is $4.94 and its two-hundred day simple moving average is $6.94.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.45). The firm had revenue of $235.30 million during the quarter, compared to analysts' expectations of $238.23 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The business's revenue for the quarter was up 18.6% on a year-over-year basis. During the same period last year, the company earned ($0.53) earnings per share. Analysts expect that Sunnova Energy International will post -2.44 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Sunnova Energy International

A number of institutional investors have recently modified their holdings of NOVA. SG Americas Securities LLC raised its position in Sunnova Energy International by 55.8% during the second quarter. SG Americas Securities LLC now owns 54,783 shares of the company's stock valued at $306,000 after acquiring an additional 19,615 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Sunnova Energy International by 87,558.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 105,190 shares of the company's stock valued at $587,000 after purchasing an additional 105,070 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Sunnova Energy International by 13.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 394,812 shares of the company's stock valued at $2,203,000 after purchasing an additional 48,119 shares during the period. Presidio Capital Management LLC purchased a new stake in Sunnova Energy International during the second quarter worth $67,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Sunnova Energy International by 136.6% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 237,203 shares of the company's stock valued at $1,324,000 after buying an additional 136,968 shares during the period.

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.