Wolverine Asset Management LLC decreased its holdings in Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) by 34.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,951 shares of the company’s stock after selling 22,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in Sunnova Energy International were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.
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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NOVA. Captrust Financial Advisors lifted its stake 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 during the period. Sierra Capital LLC bought a new position in Sunnova Energy International in the second quarter worth $58,000. US Bancorp DE raised its holdings in Sunnova Energy International by 168.8% in the first quarter. US Bancorp DE now owns 2,809 shares of the company’s stock worth $65,000 after purchasing an additional 1,764 shares in the last quarter. Strs Ohio bought a new position in Sunnova Energy International in the third quarter worth $66,000. Finally, Ellevest Inc. raised its holdings in Sunnova Energy International by 195.8% in the third quarter. Ellevest Inc. now owns 3,014 shares of the company’s stock worth $67,000 after purchasing an additional 1,995 shares in the last quarter.
Wall Street Analyst Weigh In
A number of research firms have issued reports on NOVA. Royal Bank of Canada increased their price objective on Sunnova Energy International from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, November 22nd. Barclays decreased their price objective on Sunnova Energy International from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, January 25th. JPMorgan Chase & Co. reduced their price target on Sunnova Energy International from $54.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft started coverage on Sunnova Energy International in a report on Monday, November 14th. They set a “buy” rating and a $36.00 price target for the company. Finally, Piper Sandler raised their price target on Sunnova Energy International from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, December 22nd. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sunnova Energy International currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.61.
Sunnova Energy International Stock Up 5.5 %
NYSE NOVA opened at $18.49 on Thursday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 3.00. The stock has a 50-day moving average of $19.29 and a 200 day moving average of $21.75. Sunnova Energy International Inc. has a one year low of $12.47 and a one year high of $31.47.
Sunnova Energy International Company Profile
Sunnova Energy International, Inc operates as a residential energy service provider. It offers solar energy systems, electric vehicle chargers, and home solar protection. The company was founded by William Jackson Berger in 2012 and is headquartered in Houston, TX.
Further Reading
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