Sunnova Energy International (NYSE:NOVA) Lowered to Hold Rating by Roth Capital

Sunnova Energy International (NYSE:NOVA - Get Free Report) was downgraded by equities researchers at Roth Capital from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports. Roth Capital also issued estimates for Sunnova Energy International's Q1 2025 earnings at ($0.94) EPS, Q2 2025 earnings at ($0.77) EPS, Q3 2025 earnings at ($0.71) EPS, Q4 2025 earnings at ($0.86) EPS, FY2025 earnings at ($3.28) EPS, Q1 2026 earnings at ($1.15) EPS, Q2 2026 earnings at ($1.04) EPS, Q3 2026 earnings at ($0.98) EPS, Q4 2026 earnings at ($1.18) EPS and FY2026 earnings at ($4.35) EPS.

A number of other brokerages have also issued reports on NOVA. JPMorgan Chase & Co. lowered shares of Sunnova Energy International from an "overweight" rating to a "neutral" rating in a report on Monday, March 3rd. The Goldman Sachs Group cut Sunnova Energy International from a "buy" rating to a "neutral" rating and cut their target price for the stock from $10.00 to $1.00 in a research note on Tuesday, March 4th. Royal Bank of Canada lowered their price target on Sunnova Energy International from $5.00 to $0.75 and set a "sector perform" rating for the company in a research report on Tuesday, March 4th. TD Cowen initiated coverage on Sunnova Energy International in a report on Thursday, December 19th. They issued a "hold" rating and a $5.00 price objective for the company. Finally, Wells Fargo & Company cut Sunnova Energy International from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $4.00 to $0.50 in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $5.39.

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Sunnova Energy International Stock Performance

Shares of NYSE:NOVA traded down $0.02 during midday trading on Monday, reaching $0.50. 24,029,645 shares of the company traded hands, compared to its average volume of 15,046,004. The firm's fifty day moving average price is $2.57 and its two-hundred day moving average price is $5.36. The firm has a market capitalization of $62.85 million, a price-to-earnings ratio of -0.15 and a beta of 2.64. 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 $0.47 and a 12 month high of $13.00.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last announced its earnings results on Monday, March 3rd. The company reported ($2.96) earnings per share for the quarter, missing analysts' consensus estimates of ($0.79) by ($2.17). Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company had revenue of $224.13 million during the quarter, compared to analysts' expectations of $235.85 million. During the same period in the prior year, the business earned $0.37 earnings per share. On average, equities analysts expect that Sunnova Energy International will post -2.63 earnings per share for the current year.

Hedge Funds Weigh In On Sunnova Energy International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new stake in shares of Sunnova Energy International during the 4th quarter valued at about $1,211,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Sunnova Energy International by 20.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 446,138 shares of the company's stock worth $1,530,000 after acquiring an additional 77,075 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in Sunnova Energy International during the fourth quarter valued at approximately $1,308,000. Twinbeech Capital LP bought a new stake in shares of Sunnova Energy International in the 4th quarter valued at approximately $89,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Sunnova Energy International in the 4th quarter worth approximately $35,000.

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.