Sunnova Energy International (NYSE:NOVA) Lowered to "Neutral" Rating by Roth Mkm

Roth Mkm downgraded shares of Sunnova Energy International (NYSE:NOVA - Free Report) from a buy rating to a neutral rating in a research note issued to investors on Monday morning, MarketBeat Ratings reports.

NOVA has been the subject of a number of other research reports. Susquehanna cut shares of Sunnova Energy International from a "positive" rating to a "neutral" rating and decreased their price target for the stock from $14.00 to $4.50 in a research note on Friday, January 10th. Morgan Stanley decreased their price target on shares of Sunnova Energy International from $12.00 to $6.00 and set an "equal weight" rating for the company in a research note on Friday, November 15th. Piper Sandler decreased their price target on shares of Sunnova Energy International from $8.00 to $4.50 and set a "neutral" rating for the company in a research note on Friday, November 22nd. 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. Finally, Capital One Financial cut shares of Sunnova Energy International from an "overweight" rating to an "equal weight" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $8.72.

Sunnova Energy International Trading Down 64.0 %

NYSE NOVA opened at $0.60 on Monday. The company has a market capitalization of $74.77 million, a price-to-earnings ratio of -0.18 and a beta of 2.28. The firm's fifty day moving average price is $2.82 and its 200 day moving average price is $5.58. 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 12 month low of $0.48 and a 12 month high of $13.00.

Institutional Trading of Sunnova Energy International

Several hedge funds and other institutional investors have recently made changes to their positions in NOVA. Erste Asset Management GmbH acquired a new stake in shares of Sunnova Energy International in the third quarter valued at about $76,550,000. Sylebra Capital LLC lifted its stake in shares of Sunnova Energy International by 125.6% in the third quarter. Sylebra Capital LLC now owns 12,443,048 shares of the company's stock valued at $121,195,000 after purchasing an additional 6,926,399 shares during the period. CenterBook Partners LP purchased a new position in Sunnova Energy International during the 4th quarter valued at about $8,565,000. Invesco Ltd. increased its holdings in Sunnova Energy International by 55.2% during the 4th quarter. Invesco Ltd. now owns 6,082,399 shares of the company's stock valued at $20,863,000 after acquiring an additional 2,162,379 shares in the last quarter. Finally, Capital Fund Management S.A. increased its holdings in Sunnova Energy International by 456.4% during the 4th quarter. Capital Fund Management S.A. now owns 1,737,569 shares of the company's stock valued at $5,960,000 after acquiring an additional 1,425,281 shares in the last quarter.

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.

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