Sunnova Energy International (NYSE:NOVA) Upgraded to Strong-Buy at Guggenheim

Sunnova Energy International (NYSE:NOVA - Get Free Report) was upgraded by equities researchers at Guggenheim from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Wednesday,Zacks.com reports.

NOVA has been the subject of several other reports. Truist Financial downgraded Sunnova Energy International from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. TD Cowen began coverage on Sunnova Energy International in a research note on Thursday, December 19th. They set a "hold" rating and a $5.00 price target for the company. Royal Bank of Canada decreased their price target on Sunnova Energy International from $5.00 to $0.75 and set a "sector perform" rating for the company in a report on Tuesday, March 4th. BNP Paribas cut shares of Sunnova Energy International from a "neutral" rating to an "underperform" rating and set a $3.50 price objective on the stock. in a research note on Friday, November 8th. Finally, Baird R W cut shares of Sunnova Energy International from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Two investment 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $5.39.

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Sunnova Energy International Stock Performance

Shares of Sunnova Energy International stock traded down $0.08 during trading on Wednesday, reaching $0.43. The company's stock had a trading volume of 27,909,726 shares, compared to its average volume of 16,161,308. The company has a 50-day moving average price of $2.52 and a two-hundred day moving average price of $5.26. Sunnova Energy International has a fifty-two week low of $0.42 and a fifty-two week high of $13.00. The firm has a market cap of $53.91 million, a PE ratio of -0.13 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 (NYSE:NOVA - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $235.85 million. During the same period in the previous year, the business posted $0.37 earnings per share. On average, analysts forecast that Sunnova Energy International will post -2.63 EPS for the current year.

Institutional Investors Weigh In On Sunnova Energy International

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