Sunnova Energy International (NOVA) Expected to Announce Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA - Get Free Report) is expected to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of ($0.70) per share and revenue of $236.64 million for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Sunnova Energy International Trading Up 0.3 %

NYSE NOVA traded up $0.01 on Friday, hitting $1.91. 12,258,307 shares of the stock were exchanged, compared to its average volume of 9,416,769. The company's 50-day moving average price is $3.31 and its two-hundred day moving average price is $6.04. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86. Sunnova Energy International has a 52-week low of $1.86 and a 52-week high of $13.00. The company has a market capitalization of $238.03 million, a price-to-earnings ratio of -0.57 and a beta of 2.28.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Piper Sandler decreased their price objective on Sunnova Energy International from $8.00 to $4.50 and set a "neutral" rating for the company in a research report on Friday, November 22nd. Robert W. Baird dropped their target price on Sunnova Energy International from $12.00 to $9.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 18th. Royal Bank of Canada cut shares of Sunnova Energy International from an "outperform" rating to a "sector perform" rating in a research note on Monday, December 9th. Wolfe Research downgraded shares of Sunnova Energy International from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $8.00 price objective (down previously from $10.00) on shares of Sunnova Energy International in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.03.

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.