Sunnova Energy International (NYSE:NOVA - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($2.96) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($2.17), RTT News reports. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company had revenue of $224.13 million for the quarter, compared to analysts' expectations of $235.85 million. During the same quarter in the prior year, the business posted $0.37 earnings per share.
Sunnova Energy International Trading Down 3.3 %
NOVA traded down $0.02 during trading hours on Friday, reaching $0.50. The company's stock had a trading volume of 24,029,645 shares, compared to its average volume of 15,046,004. The stock has a market cap of $62.85 million, a PE ratio of -0.15 and a beta of 2.64. Sunnova Energy International has a fifty-two week low of $0.47 and a fifty-two week high of $13.00. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86. The business's 50-day moving average is $2.63 and its 200-day moving average is $5.45.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Sunnova Energy International from a "buy" rating to a "hold" rating and cut their target price for the company from $9.00 to $2.00 in a report on Friday, February 7th. The Goldman Sachs Group cut shares of Sunnova Energy International from a "buy" rating to a "neutral" rating and cut their price objective for the company from $10.00 to $1.00 in a report on Tuesday. Barclays lowered shares of Sunnova Energy International from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $9.00 to $1.00 in a research note on Wednesday. Guggenheim upgraded Sunnova Energy International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, BMO Capital Markets lowered their price target on Sunnova Energy International from $4.00 to $0.85 and set a "market perform" rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sunnova Energy International presently has an average rating of "Hold" and an average target price of $5.39.
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Sunnova Energy International Company Profile
(
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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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