Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) has been given an average recommendation of “Moderate Buy” by the twenty-one research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $35.53.
Several equities research analysts have issued reports on the stock. Northland Securities boosted their price objective on shares of Sunnova Energy International from $28.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Sunnova Energy International in a report on Monday, November 14th. They issued a “buy” rating and a $36.00 price target for the company. Truist Financial reduced their price target on shares of Sunnova Energy International from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, October 28th. Raymond James reduced their price target on shares of Sunnova Energy International from $32.00 to $30.00 and set a “strong-buy” rating for the company in a report on Thursday, October 27th. Finally, Susquehanna initiated coverage on shares of Sunnova Energy International in a research note on Monday, October 17th. They set a “positive” rating and a $38.00 price objective for the company.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc increased its holdings in shares of Sunnova Energy International by 3.4% in the 1st quarter. Ensign Peak Advisors Inc now owns 21,510 shares of the company’s stock valued at $496,000 after acquiring an additional 710 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of Sunnova Energy International by 23.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,788 shares of the company’s stock worth $387,000 after purchasing an additional 907 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Sunnova Energy International by 5.6% during the 1st quarter. Teacher Retirement System of Texas now owns 17,143 shares of the company’s stock worth $395,000 after purchasing an additional 912 shares in the last quarter. Toroso Investments LLC boosted its position in shares of Sunnova Energy International by 25.7% during the 3rd quarter. Toroso Investments LLC now owns 4,470 shares of the company’s stock worth $99,000 after purchasing an additional 915 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Sunnova Energy International by 236.4% during the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock worth $34,000 after purchasing an additional 1,045 shares in the last quarter.
Sunnova Energy International Stock Down 6.7 %
Shares of NOVA stock opened at $18.40 on Friday. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -14.26 and a beta of 2.08. Sunnova Energy International has a one year low of $12.47 and a one year high of $31.47. The company’s fifty day moving average price is $20.25 and its 200-day moving average price is $22.08. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.05 and a quick ratio of 2.05.
Sunnova Energy International (NYSE:NOVA – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.26). Sunnova Energy International had a negative return on equity of 10.57% and a negative net margin of 34.38%. The firm had revenue of $149.36 million for the quarter, compared to analysts’ expectations of $129.49 million. Sell-side analysts expect that Sunnova Energy International will post -1.53 EPS for the current fiscal year.
About Sunnova Energy International
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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