7. AFFORDABLE AND CLEAN ENERGY

Sunnova Energy International (NYSE:NOVA) Coverage Initiated at Wells Fargo & Company – Defense World

Written by Amanda

Wells Fargo & Company began coverage on shares of Sunnova Energy International (NYSE:NOVAGet Rating) in a report published on Wednesday, MarketBeat Ratings reports. The firm issued an equal weight rating and a $22.00 price target on the stock.

NOVA has been the topic of several other research reports. Piper Sandler cut their price target on Sunnova Energy International from $33.00 to $27.00 and set an overweight rating on the stock in a research note on Tuesday, May 24th. B. Riley cut their price target on Sunnova Energy International from $29.00 to $26.00 in a research note on Friday, April 29th. Northland Securities assumed coverage on Sunnova Energy International in a research note on Wednesday, May 18th. They set an outperform rating and a $30.00 price target on the stock. Finally, The Goldman Sachs Group lowered Sunnova Energy International from a buy rating to a neutral rating and cut their price target for the company from $31.00 to $24.00 in a research note on Monday, June 20th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sunnova Energy International has a consensus rating of Moderate Buy and a consensus price target of $39.43.

NYSE:NOVA opened at $17.72 on Wednesday. Sunnova Energy International has a twelve month low of $12.47 and a twelve month high of $46.40. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -14.18 and a beta of 2.27. The stock has a fifty day simple moving average of $18.50 and a 200-day simple moving average of $21.06. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.30.

Sunnova Energy International (NYSE:NOVAGet Rating) last released its earnings results on Wednesday, April 27th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.08. Sunnova Energy International had a negative return on equity of 9.95% and a negative net margin of 52.12%. The business had revenue of $65.72 million during the quarter, compared to the consensus estimate of $65.18 million. During the same period last year, the company earned ($0.31) earnings per share. As a group, equities research analysts predict that Sunnova Energy International will post -1.18 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors grew its stake in shares of Sunnova Energy International by 236.4% during the first quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock worth $34,000 after acquiring an additional 1,045 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Sunnova Energy International by 30.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,600 shares of the company’s stock worth $51,000 after acquiring an additional 600 shares during the last quarter. US Bancorp DE grew its stake in shares of Sunnova Energy International by 168.8% during the first quarter. US Bancorp DE now owns 2,809 shares of the company’s stock worth $65,000 after acquiring an additional 1,764 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of 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 during the period. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Sunnova Energy International during the fourth quarter worth about $74,000.

Sunnova Energy International Company Profile (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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Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai