Capital One Financial downgraded shares of Sunnova Energy International (NYSE:NOVA - Free Report) from an overweight rating to an equal weight rating in a research report released on Monday, MarketBeat Ratings reports.
A number of other equities research analysts have also issued reports on NOVA. TD Cowen assumed coverage on shares of Sunnova Energy International in a report on Thursday, December 19th. They set a "hold" rating and a $5.00 price target on the stock. BNP Paribas downgraded shares of Sunnova Energy International from a "neutral" rating to an "underperform" rating and set a $3.50 target price on the stock. in a research note on Friday, November 8th. Barclays decreased their target price on Sunnova Energy International from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Guggenheim downgraded Sunnova Energy International from a "buy" rating to a "neutral" rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their target price on Sunnova Energy International from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $5.39.
Read Our Latest Analysis on Sunnova Energy International
Sunnova Energy International Stock Performance
Sunnova Energy International stock traded down $0.01 during midday trading on Monday, reaching $0.51. 15,165,833 shares of the stock traded hands, compared to its average volume of 14,831,512. The firm has a fifty day moving average price of $2.63 and a two-hundred day moving average price of $5.45. The firm has a market cap of $63.23 million, a price-to-earnings ratio of -0.15 and a beta of 2.64. 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 fifty-two week low of $0.47 and a fifty-two week high of $13.00.
Sunnova Energy International (NYSE:NOVA - Get Free Report) last issued its quarterly 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). The business had revenue of $224.13 million during the quarter, compared to analyst estimates of $235.85 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. During the same period in the previous year, the company posted $0.37 earnings per share. On average, equities research analysts forecast that Sunnova Energy International will post -2.63 earnings per share for the current year.
Hedge Funds Weigh In On Sunnova Energy International
Several hedge funds have recently made changes to their positions in NOVA. International Assets Investment Management LLC lifted its position in shares of Sunnova Energy International by 37,400.0% in the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company's stock valued at $308,000 after buying an additional 2,992 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Sunnova Energy International in the fourth quarter worth $35,000. Two Sigma Advisers LP bought a new stake in shares of Sunnova Energy International during the 4th quarter worth approximately $35,000. Crux Wealth Advisors acquired a new stake in shares of Sunnova Energy International in the 4th quarter valued at $35,000. Finally, Creative Planning acquired a new stake in Sunnova Energy International in the third quarter valued at about $107,000.
About Sunnova Energy International
(
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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.
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