7. AFFORDABLE AND CLEAN ENERGY

Sunnova Energy International Inc. (NYSE:NOVA) Receives Consensus Rating of “Moderate Buy” from Brokerages – Defense World

Written by Amanda

Sunnova Energy International Inc. (NYSE:NOVAGet Rating) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $39.43.

A number of research firms have commented on NOVA. Northland Securities began coverage on Sunnova Energy International in a report on Wednesday, May 18th. They set an “outperform” rating and a $30.00 price target on the stock. The Goldman Sachs Group cut Sunnova Energy International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $31.00 to $24.00 in a report on Monday, June 20th. B. Riley decreased their price target on Sunnova Energy International from $29.00 to $26.00 in a report on Friday, April 29th. Wells Fargo & Company began coverage on Sunnova Energy International in a research report on Wednesday. They set an “equal weight” rating and a $22.00 price objective for the company. Finally, Piper Sandler cut their price objective on Sunnova Energy International from $33.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, May 24th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NOVA. Captrust Financial Advisors grew its position in Sunnova Energy International by 236.4% in 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 in the last quarter. Nisa Investment Advisors LLC boosted its position 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 valued at $51,000 after buying an additional 600 shares during the period. US Bancorp DE boosted its position 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 valued at $65,000 after buying an additional 1,764 shares during the period. Steward Partners Investment Advisory LLC boosted its position 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 valued at $71,000 after buying an additional 2,042 shares during the period. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Sunnova Energy International during the fourth quarter valued at approximately $74,000.

Shares of Sunnova Energy International stock opened at $18.43 on Friday. Sunnova Energy International has a one year low of $12.47 and a one year high of $46.40. The stock’s fifty day moving average is $18.54 and its 200 day moving average is $20.96. The stock has a market cap of $2.11 billion, a P/E ratio of -14.74 and a beta of 2.27. 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:NOVAGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.08. The business had revenue of $65.72 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned ($0.31) earnings per share. Analysts predict that Sunnova Energy International will post -1.18 EPS for the current year.

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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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