Sunnova Energy International Inc. (NYSE:NOVA – Get Rating)’s share price dropped 12.9% during trading on Monday . The stock traded as low as $18.82 and last traded at $18.95. Approximately 93,277 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 2,988,146 shares. The stock had previously closed at $21.76.
NOVA has been the topic of several recent analyst reports. Northland Securities began coverage on shares of Sunnova Energy International in a research note on Wednesday, May 18th. They issued an “outperform” rating and a $30.00 price target on the stock. Robert W. Baird cut their target price on shares of Sunnova Energy International from $56.00 to $46.00 in a report on Monday, February 28th. Raymond James cut their target price on shares of Sunnova Energy International from $50.00 to $32.00 and set a “strong-buy” rating on the stock in a report on Thursday, February 24th. B. Riley cut their target price on shares of Sunnova Energy International from $29.00 to $26.00 in a report on Friday, April 29th. Finally, Piper Sandler cut their target price on shares of Sunnova Energy International from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, May 24th. Twelve equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sunnova Energy International presently has an average rating of “Buy” and a consensus price target of $43.23.
The firm’s 50-day simple moving average is $19.03 and its 200 day simple moving average is $22.25. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.63 and a current ratio of 1.63.
Sunnova Energy International (NYSE:NOVA – Get Rating) last issued its earnings results on Wednesday, April 27th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.08. The company had revenue of $65.72 million for the quarter, compared to analyst estimates of $65.18 million. Sunnova Energy International had a negative net margin of 52.12% and a negative return on equity of 9.95%. During the same period in the previous year, the firm earned ($0.31) EPS. As a group, sell-side analysts predict that Sunnova Energy International Inc. will post -1.22 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its position in shares of Sunnova Energy International by 236.4% in the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock worth $34,000 after buying an additional 1,045 shares in the last quarter. Fulcrum Asset Management LLP purchased a new stake in shares of Sunnova Energy International in the 4th quarter worth about $74,000. Nisa Investment Advisors LLC boosted its position in shares of Sunnova Energy International by 30.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,600 shares of the company’s stock worth $51,000 after buying an additional 600 shares in the last quarter. US Bancorp DE boosted its position in shares of Sunnova Energy International by 168.8% in the 1st quarter. US Bancorp DE now owns 2,809 shares of the company’s stock worth $65,000 after buying an additional 1,764 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Sunnova Energy International by 198.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,073 shares of the company’s stock worth $71,000 after buying an additional 2,042 shares in the last quarter.
About Sunnova Energy International (NYSE:NOVA)
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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Source: defenseworld.net
