Equities analysts expect Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) to post earnings per share (EPS) of ($0.31) for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Sunnova Energy International’s earnings. The lowest EPS estimate is ($0.65) and the highest is ($0.18). Sunnova Energy International posted earnings of ($0.42) per share during the same quarter last year, which indicates a positive year over year growth rate of 26.2%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Sunnova Energy International will report full-year earnings of ($1.22) per share for the current fiscal year, with EPS estimates ranging from ($1.75) to ($0.62). For the next financial year, analysts anticipate that the business will report earnings of ($1.21) per share, with EPS estimates ranging from ($2.61) to ($0.50). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Sunnova Energy International.
Sunnova Energy International (NYSE:NOVA – Get Rating) last issued its earnings results on Wednesday, April 27th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.08. The business had revenue of $65.72 million during the quarter, compared to analyst estimates of $65.18 million. Sunnova Energy International had a negative return on equity of 9.95% and a negative net margin of 52.12%. During the same quarter in the prior year, the firm earned ($0.31) earnings per share.
A number of equities analysts recently commented on NOVA shares. Raymond James decreased their target price on Sunnova Energy International from $50.00 to $32.00 and set a “strong-buy” rating for the company in a report on Thursday, February 24th. Robert W. Baird decreased their target price on Sunnova Energy International from $56.00 to $46.00 in a report on Monday, February 28th. B. Riley decreased their target price on Sunnova Energy International from $29.00 to $26.00 in a report on Friday, April 29th. Northland Securities started coverage on Sunnova Energy International in a report on Wednesday, May 18th. They set an “outperform” rating and a $30.00 target price for the company. Finally, Piper Sandler decreased their price objective on Sunnova Energy International from $33.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, May 24th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $43.23.
In other Sunnova Energy International news, insider Chris Hayden sold 3,780 shares of Sunnova Energy International stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $21.71, for a total value of $82,063.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.20% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors raised its position in Sunnova Energy International by 236.4% during the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock valued at $34,000 after purchasing an additional 1,045 shares in the last quarter. US Bancorp DE boosted its stake in shares of Sunnova Energy International by 37.5% in the third quarter. US Bancorp DE now owns 1,522 shares of the company’s stock worth $50,000 after buying an additional 415 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Sunnova Energy International by 30.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,600 shares of the company’s stock worth $51,000 after buying an additional 600 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Sunnova Energy International by 198.1% during the first quarter. Steward Partners Investment Advisory LLC now owns 3,073 shares of the company’s stock worth $71,000 after purchasing an additional 2,042 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in Sunnova Energy International during the fourth quarter worth approximately $74,000.
Shares of NYSE:NOVA traded up $0.45 during trading on Tuesday, reaching $23.21. 77,803 shares of the company traded hands, compared to its average volume of 2,662,176. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -18.63 and a beta of 2.27. Sunnova Energy International has a 52-week low of $12.47 and a 52-week high of $46.40. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.30. The business’s fifty day moving average is $19.17 and its 200-day moving average is $22.71.
About Sunnova Energy International (Get Rating)
Sunnova Energy International Inc provides residential energy services 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 diagnostics services. As of December 31, 2021, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,140 megawatts serving over 195,000 customers.
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