Sunnova Energy International (NYSE:NOVA) Rating Lowered to "Equal Weight" at Barclays

Sunnova Energy International (NYSE:NOVA - Get Free Report) was downgraded by equities researchers at Barclays from an "overweight" rating to an "equal weight" rating in a research note issued on Wednesday,Briefing.com Automated Import reports. They presently have a $1.00 target price on the stock, down from their prior target price of $9.00. Barclays's price objective points to a potential upside of 49.03% from the company's current price.

Several other research analysts also recently commented on the company. Royal Bank of Canada decreased their price objective on Sunnova Energy International from $5.00 to $0.75 and set a "sector perform" rating on the stock in a report on Tuesday. Roth Mkm cut Sunnova Energy International from a "buy" rating to a "neutral" rating in a research note on Monday. BMO Capital Markets dropped their price objective on Sunnova Energy International from $4.00 to $0.85 and set a "market perform" rating for the company in a research note on Tuesday. Capital One Financial downgraded shares of Sunnova Energy International from an "overweight" rating to an "equal weight" rating in a research note on Monday. Finally, The Goldman Sachs Group cut shares of Sunnova Energy International from a "buy" rating to a "neutral" rating and dropped their price target for the company from $10.00 to $1.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $5.54.

Sunnova Energy International Stock Performance

NYSE NOVA opened at $0.67 on Wednesday. The company has a market capitalization of $83.84 million, a P/E ratio of -0.20 and a beta of 2.28. 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 52-week low of $0.47 and a 52-week high of $13.00. The company has a fifty day moving average of $2.76 and a 200-day moving average of $5.52.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last announced 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 net margin of 51.02% and a negative return on equity of 11.15%. The firm had revenue of $224.13 million for the quarter, compared to analysts' expectations of $235.85 million. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, equities research analysts predict that Sunnova Energy International will post -2.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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