BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $77.26 Million Holdings in Sunnova Energy International Inc. (NYSE:NOVA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in shares of Sunnova Energy International Inc. (NYSE:NOVA - Free Report) by 43.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,932,553 shares of the company's stock after selling 6,209,934 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 6.35% of Sunnova Energy International worth $77,263,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. First Affirmative Financial Network increased its stake in shares of Sunnova Energy International by 12.9% during the second quarter. First Affirmative Financial Network now owns 14,829 shares of the company's stock valued at $83,000 after acquiring an additional 1,691 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in shares of Sunnova Energy International by 11.6% in the third quarter. First Trust Direct Indexing L.P. now owns 19,373 shares of the company's stock valued at $189,000 after buying an additional 2,016 shares during the period. Ballentine Partners LLC raised its position in Sunnova Energy International by 15.9% in the third quarter. Ballentine Partners LLC now owns 21,515 shares of the company's stock worth $210,000 after acquiring an additional 2,956 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Sunnova Energy International by 37,400.0% in the 3rd 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. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Sunnova Energy International by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,487 shares of the company's stock valued at $315,000 after purchasing an additional 3,559 shares in the last quarter.

Sunnova Energy International Stock Performance

Sunnova Energy International stock traded up $0.52 during mid-day trading on Friday, reaching $4.90. The company had a trading volume of 14,437,096 shares, compared to its average volume of 8,408,318. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The firm has a market cap of $611.63 million, a price-to-earnings ratio of -1.37 and a beta of 2.26. The company has a 50 day moving average of $6.79 and a 200-day moving average of $6.88. Sunnova Energy International Inc. has a 52 week low of $2.99 and a 52 week high of $16.35.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last released its earnings results 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 return on equity of 11.15% and a negative net margin of 51.02%. The firm had revenue of $235.30 million for the quarter, compared to analyst estimates of $238.23 million. During the same period last year, the business earned ($0.53) earnings per share. The firm's quarterly revenue was up 18.6% compared to the same quarter last year. On average, sell-side analysts expect that Sunnova Energy International Inc. will post -2.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sunnova Energy International news, Director Akbar Mohamed bought 50,000 shares of Sunnova Energy International stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $3.64 per share, with a total value of $182,000.00. Following the acquisition, the director now directly owns 352,654 shares of the company's stock, valued at $1,283,660.56. The trade was a 16.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric Michael Williams bought 13,800 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $3.60 per share, with a total value of $49,680.00. Following the completion of the purchase, the chief financial officer now owns 13,800 shares of the company's stock, valued at $49,680. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 118,517 shares of company stock worth $439,605 over the last 90 days. Corporate insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NOVA shares. Deutsche Bank Aktiengesellschaft cut their target price 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. Robert W. Baird cut their target price on Sunnova Energy International from $18.00 to $12.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Susquehanna increased their price target on Sunnova Energy International from $12.00 to $14.00 and gave the company a "positive" rating in a research report on Friday, August 2nd. Wolfe Research lowered shares of Sunnova Energy International from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 4th. Finally, Scotiabank boosted their price target on shares of Sunnova Energy International from $10.00 to $14.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $10.73.

About Sunnova Energy International

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.