UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Sunnova Energy International Inc. (NYSE:NOVA - Free Report) by 79.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 369,063 shares of the company's stock after selling 1,426,629 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.30% of Sunnova Energy International worth $3,595,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Sunnova Energy International by 56.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,142,487 shares of the company's stock valued at $78,915,000 after buying an additional 5,118,552 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Sunnova Energy International by 9.1% in the third quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company's stock worth $71,097,000 after acquiring an additional 611,452 shares during the period. Sylebra Capital LLC purchased a new position in shares of Sunnova Energy International during the second quarter valued at approximately $30,783,000. Electron Capital Partners LLC raised its holdings in shares of Sunnova Energy International by 24.5% during the second quarter. Electron Capital Partners LLC now owns 3,004,938 shares of the company's stock valued at $16,768,000 after purchasing an additional 591,514 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Sunnova Energy International by 17.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 901,433 shares of the company's stock worth $8,780,000 after purchasing an additional 134,065 shares during the last quarter.
Insider Activity at Sunnova Energy International
In other news, CFO Eric Michael Williams acquired 13,800 shares of Sunnova Energy International stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $3.60 per share, with a total value of $49,680.00. Following the transaction, the chief financial officer now directly owns 13,800 shares of the company's stock, valued at $49,680. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Akbar Mohamed bought 54,717 shares of the company's stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $3.80 per share, with a total value of $207,924.60. Following the transaction, the director now directly owns 302,654 shares of the company's stock, valued at approximately $1,150,085.20. This trade represents a 22.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 118,517 shares of company stock valued at $439,605. Insiders own 4.50% of the company's stock.
Sunnova Energy International Price Performance
NYSE NOVA traded down $0.05 during trading on Friday, hitting $4.04. 6,894,083 shares of the stock traded hands, compared to its average volume of 8,410,759. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. Sunnova Energy International Inc. has a 12-month low of $2.99 and a 12-month high of $16.35. The firm has a 50-day simple moving average of $5.12 and a 200-day simple moving average of $6.93. The company has a market capitalization of $504.81 million, a P/E ratio of -1.20 and a beta of 2.22.
Sunnova Energy International (NYSE:NOVA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.45). 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 $235.30 million during the quarter, compared to the consensus estimate of $238.23 million. During the same quarter in the prior year, the firm posted ($0.53) EPS. The company's revenue for the quarter was up 18.6% on a year-over-year basis. As a group, analysts predict that Sunnova Energy International Inc. will post -2.44 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on NOVA shares. Piper Sandler lowered their price target on Sunnova Energy International from $8.00 to $4.50 and set a "neutral" rating on the stock in a report on Friday, November 22nd. BMO Capital Markets reissued a "market perform" rating and issued a $8.00 target price (down previously from $10.00) on shares of Sunnova Energy International in a report on Friday, November 1st. Morgan Stanley lowered their price objective on shares of Sunnova Energy International from $12.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Sunnova Energy International from $9.00 to $6.25 and set a "hold" rating for the company in a research report on Friday, November 1st. Finally, Barclays dropped their price target on shares of Sunnova Energy International from $12.00 to $10.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.73.
Check Out Our Latest Stock Report on Sunnova Energy International
Sunnova Energy International Profile
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Free Report)
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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