Sunnova Energy International (NYSE:NOVA) Downgraded by Jefferies Financial Group to "Hold"

Sunnova Energy International (NYSE:NOVA - Get Free Report) was downgraded by Jefferies Financial Group from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. They presently have a $2.00 price objective on the stock, down from their prior price objective of $9.00. Jefferies Financial Group's target price would suggest a potential downside of 7.11% from the company's current price.

Several other analysts also recently issued reports on NOVA. Morgan Stanley lowered their price objective on shares of Sunnova Energy International from $12.00 to $6.00 and set an "equal weight" rating for the company in a research report on Friday, November 15th. BNP Paribas downgraded shares of Sunnova Energy International from a "neutral" rating to an "underperform" rating and set a $3.50 price target on the stock. in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of Sunnova Energy International from $14.00 to $11.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group dropped their target price on Sunnova Energy International from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Tuesday, December 17th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $8.00 price target (down previously from $10.00) on shares of Sunnova Energy International in a report on Friday, November 1st. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.03.

Sunnova Energy International Stock Down 5.6 %

Shares of NYSE NOVA traded down $0.13 on Friday, hitting $2.15. The company had a trading volume of 7,964,333 shares, compared to its average volume of 9,625,441. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. Sunnova Energy International has a 12-month low of $2.00 and a 12-month high of $13.00. The firm has a market capitalization of $269.02 million, a P/E ratio of -0.64 and a beta of 2.28. The business has a 50 day moving average of $3.52 and a two-hundred day moving average of $6.18.

Insider Buying and Selling at Sunnova Energy International

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

Institutional Trading of Sunnova Energy International

A number of institutional investors have recently made changes to their positions in NOVA. Cibc World Markets Corp bought a new stake in Sunnova Energy International during the fourth quarter worth approximately $35,000. Kempner Capital Management Inc. acquired a new stake in shares of Sunnova Energy International in the fourth quarter valued at $51,000. KLP Kapitalforvaltning AS bought a new position in Sunnova Energy International during the fourth quarter valued at about $62,000. PFG Investments LLC grew its holdings in Sunnova Energy International by 37.0% during the fourth quarter. PFG Investments LLC now owns 18,345 shares of the company's stock worth $63,000 after acquiring an additional 4,955 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Sunnova Energy International in the fourth quarter worth about $78,000.

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.