Sunnova Energy International (NYSE:NOVA) Cut to Neutral at Janney Montgomery Scott

Sunnova Energy International (NYSE:NOVA - Get Free Report) was downgraded by equities research analysts at Janney Montgomery Scott from a "buy" rating to a "neutral" rating in a note issued to investors on Tuesday, MarketBeat reports. They presently have a $1.00 price target on the stock. Janney Montgomery Scott's target price would indicate a potential upside of 98.81% from the stock's current price.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of Sunnova Energy International from an "overweight" rating to a "neutral" rating in a research report on Monday. Wolfe Research cut shares of Sunnova Energy International from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. Wells Fargo & Company lowered shares of Sunnova Energy International from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $4.00 to $0.50 in a report on Tuesday. BNP Paribas lowered Sunnova Energy International from a "neutral" rating to an "underperform" rating and set a $3.50 target price for the company. in a research note on Friday, November 8th. Finally, Roth Mkm downgraded Sunnova Energy International from a "buy" rating to a "neutral" rating in a research note on Monday. Two 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.39.

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Sunnova Energy International Stock Down 3.3 %

NOVA traded down $0.02 during trading on Tuesday, hitting $0.50. The stock had a trading volume of 24,029,645 shares, compared to its average volume of 15,046,004. The stock has a 50 day simple moving average of $2.63 and a two-hundred day simple moving average of $5.45. The company has a market capitalization of $62.85 million, a PE ratio of -0.15 and a beta of 2.64. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. Sunnova Energy International has a twelve month low of $0.47 and a twelve month high of $13.00.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 11.15% and a negative net margin of 51.02%. The business had revenue of $224.13 million during the quarter, compared to analyst estimates of $235.85 million. During the same period in the previous year, the business earned $0.37 EPS. On average, research analysts predict that Sunnova Energy International will post -2.63 earnings per share for the current year.

Institutional Investors Weigh In On Sunnova Energy International

A number of institutional investors have recently added to or reduced their stakes in the stock. Cibc World Markets Corp purchased a new position in Sunnova Energy International during the fourth quarter valued at $35,000. Crux Wealth Advisors purchased a new stake in shares of Sunnova Energy International during the fourth quarter worth about $35,000. Two Sigma Advisers LP acquired a new position in shares of Sunnova Energy International during the 4th quarter worth about $35,000. Integrated Wealth Concepts LLC purchased a new position in Sunnova Energy International in the 4th quarter valued at about $40,000. Finally, Teza Capital Management LLC acquired a new stake in Sunnova Energy International in the 4th quarter worth about $48,000.

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.