Sunnova Energy International (NOVA) Stock Price, News & Analysis

Company Overview

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. As of December 31, 2023, it operated a fleet of residential solar energy systems with a generation capacity of approximately 2,292 megawatts serving over 419,000 customers. The company was incorporated in 2012 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $10.88 to $11.54
• 50-Day Range: $6.62 to $12.24
• 52-Week Range: $3.37 to $16.35
• Volume: 5.21 million shs
• Average Volume: 7.86 million shs
• Market Capitalization: $1.37 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $15.26
• Consensus Rating: Moderate Buy

Sunnova Energy International Stock Analysis - MarketRank™

Sunnova Energy International scored higher than 87% of companies evaluated by MarketBeat, and ranked 61st out of 252 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Sunnova Energy International has received a consensus rating of Moderate Buy. The company's average rating score is 2.72, and is based on 16 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Sunnova Energy International has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Sunnova Energy International are expected to decrease in the coming year, from ($1.80) to ($2.07) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sunnova Energy International is -3.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sunnova Energy International is -3.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Sunnova Energy International has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

33.71% of the float of Sunnova Energy International has been sold short.

Short Interest Ratio / Days to Cover

Sunnova Energy International has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Sunnova Energy International has recently decreased by 3.01%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sunnova Energy International does not currently pay a dividend.

Dividend Growth

Sunnova Energy International does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -0.55

Percentage of Shares Shorted

33.71% of the float of Sunnova Energy International has been sold short.

Short Interest Ratio / Days to Cover

Sunnova Energy International has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Sunnova Energy International has recently decreased by 3.01%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.07

News Sentiment

Sunnova Energy International has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Sunnova Energy International this week, compared to 8 articles on an average week.

Search Interest

17 people have searched for NOVA on MarketBeat in the last 30 days. This is an increase of 21% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added Sunnova Energy International to their MarketBeat watchlist in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Sunnova Energy International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $870,870.00 in company stock.

Percentage Held by Insiders

Only 4.50% of the stock of Sunnova Energy International is held by insiders.

NOVA Stock Analysis - Frequently Asked Questions

How have NOVA shares performed this year?

Sunnova Energy International's stock was trading at $15.25 on January 1st, 2024. Since then, NOVA shares have decreased by 27.4% and is now trading at $11.07.
View the best growth stocks for 2024 here.

How were Sunnova Energy International's earnings last quarter?

Sunnova Energy International Inc. (NYSE:NOVA) released its earnings results on Wednesday, July, 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.27. Sunnova Energy International's revenue for the quarter was up 32.0% on a year-over-year basis.

When did Sunnova Energy International IPO?

Sunnova Energy International (NOVA) raised $301 million in an initial public offering on Thursday, July 25th 2019. The company issued 17,700,000 shares at a price of $16.00-$18.00 per share. BofA Merrill Lynch, J.P. Morgan, Goldman Sachs and Credit Suisse served as the underwriters for the IPO and KeyBanc Capital Markets, Baird and Roth Capital Partners were co-managers.

Who are Sunnova Energy International's major shareholders?

Sunnova Energy International's top institutional investors include BNP PARIBAS ASSET MANAGEMENT Holding S.A. (11.41%), Sylebra Capital LLC (4.45%), Electron Capital Partners LLC (2.42%) and KGH Ltd. Insiders that own company stock include William J Berger, Akbar Mohamed, Meghan Nutting, Kelsey Hultberg, Paul S Mathews, Arthur Dubose, Chris Hayden, Jack O Lynch III, Ecp Controlco, Llc and Michael C Morgan.
View institutional ownership trends.

How do I buy shares of Sunnova Energy International?

Shares of NOVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sunnova Energy International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sunnova Energy International investors own include BioTelemetry (BEAT), DexCom (DXCM), Exact Sciences (EXAS), Inogen (INGN), Insulet (PODD), Splunk (SPLK) and Tandem Diabetes Care (TNDM).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 9/22/2024
• Next Earnings (Estimated): 10/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Electric & other services combined
• Sub-Industry: N/A
• Current Symbol: NYSE:NOVA
• CUSIP: N/A
• CIK: 1772695
• Web: www.sunnova.com
• Phone: (281) 892-1588
• Fax: N/A
• Employees: 2,047
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $15.26
• High Stock Price Target: $58.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +37.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.72
• Research Coverage: 25 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.37)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-417,960,000.00
• Net Margins: -45.76%
• Pretax Margin: -75.42%
• Return on Equity: -8.85%
• Return on Assets: -1.64%

Debt

• Debt-to-Equity Ratio: 3.11
• Current Ratio: 0.97
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $773.08 million
• Price / Sales: 1.78
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $16.04 per share
• Price / Book: 0.69

Miscellaneous

• Outstanding Shares: 123,982,000
• Free Float: 118,403,000
• Market Cap: $1.37 billion
• Optionable: Optionable
• Beta: 2.22