Sunnova Energy International (NYSE:NOVA – Get Free Report) had its target price decreased by analysts at JPMorgan Chase & Co. from $32.00 to $29.00 in a report released on Friday, FlyOnTheWall reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 113.55% from the company’s current price.
A number of other brokerages also recently issued reports on NOVA. Barclays lifted their price target on shares of Sunnova Energy International from $27.00 to $29.00 in a report on Thursday, July 13th. Bank of America increased their price target on Sunnova Energy International from $25.00 to $27.00 in a research note on Wednesday, July 19th. B. Riley reduced their price objective on Sunnova Energy International from $31.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, June 30th. Morgan Stanley decreased their price objective on Sunnova Energy International from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 6th. Finally, Citigroup lowered shares of Sunnova Energy International from a “buy” rating to a “neutral” rating and cut their target price for the company from $26.00 to $25.00 in a report on Wednesday, July 19th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.79.
Read Our Latest Research Report on Sunnova Energy International
Sunnova Energy International Price Performance
NYSE:NOVA opened at $13.58 on Friday. The business’s 50-day simple moving average is $16.44 and its two-hundred day simple moving average is $16.57. Sunnova Energy International has a 52 week low of $12.46 and a 52 week high of $28.99. The stock has a market cap of $1.58 billion, a PE ratio of -6.29 and a beta of 2.06. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.24.
Sunnova Energy International (NYSE:NOVA – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). Sunnova Energy International had a negative net margin of 37.16% and a negative return on equity of 15.78%. The company had revenue of $166.38 million for the quarter, compared to analysts’ expectations of $195.53 million. During the same period last year, the business earned ($0.32) earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, analysts forecast that Sunnova Energy International will post -1.7 EPS for the current fiscal year.
Insider Activity
In other news, insider William J. Berger sold 47,150 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $17.86, for a total transaction of $842,099.00. Following the transaction, the insider now directly owns 365,222 shares of the company’s stock, valued at $6,522,864.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.
Institutional Trading of Sunnova Energy International
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Sunnova Energy International by 1.6% during the first quarter. BlackRock Inc. now owns 16,530,455 shares of the company’s stock valued at $381,192,000 after buying an additional 261,186 shares during the period. Vanguard Group Inc. raised its position in shares of Sunnova Energy International by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,537,879 shares of the company’s stock worth $210,596,000 after acquiring an additional 114,448 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Sunnova Energy International by 9.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,154,366 shares of the company’s stock worth $112,686,000 after purchasing an additional 538,909 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sunnova Energy International by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,744,710 shares of the company’s stock valued at $68,563,000 after purchasing an additional 503,703 shares in the last quarter. Finally, Pictet Asset Management SA grew its stake in Sunnova Energy International by 6.4% in the first quarter. Pictet Asset Management SA now owns 3,397,667 shares of the company’s stock valued at $53,072,000 after purchasing an additional 204,757 shares during the last quarter.
Sunnova Energy International Company Profile
(Get Free Report)
Sunnova Energy International Inc provides energy as a service 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, 2022, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,627 megawatts serving over 279,000 customers.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sunnova Energy International, you’ll want to hear this.
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While Sunnova Energy International currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Sunnova Energy International (NYSE:NOVA – Get Free Report) had its target price decreased by analysts at JPMorgan Chase & Co. from $32.00 to $29.00 in a report released on Friday, FlyOnTheWall reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 113.55% from the company’s current price.
A number of other brokerages also recently issued reports on NOVA. Barclays lifted their price target on shares of Sunnova Energy International from $27.00 to $29.00 in a report on Thursday, July 13th. Bank of America increased their price target on Sunnova Energy International from $25.00 to $27.00 in a research note on Wednesday, July 19th. B. Riley reduced their price objective on Sunnova Energy International from $31.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, June 30th. Morgan Stanley decreased their price objective on Sunnova Energy International from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 6th. Finally, Citigroup lowered shares of Sunnova Energy International from a “buy” rating to a “neutral” rating and cut their target price for the company from $26.00 to $25.00 in a report on Wednesday, July 19th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.79.
Read Our Latest Research Report on Sunnova Energy International
Sunnova Energy International Price Performance
NYSE:NOVA opened at $13.58 on Friday. The business’s 50-day simple moving average is $16.44 and its two-hundred day simple moving average is $16.57. Sunnova Energy International has a 52 week low of $12.46 and a 52 week high of $28.99. The stock has a market cap of $1.58 billion, a PE ratio of -6.29 and a beta of 2.06. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.24.
Sunnova Energy International (NYSE:NOVA – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). Sunnova Energy International had a negative net margin of 37.16% and a negative return on equity of 15.78%. The company had revenue of $166.38 million for the quarter, compared to analysts’ expectations of $195.53 million. During the same period last year, the business earned ($0.32) earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, analysts forecast that Sunnova Energy International will post -1.7 EPS for the current fiscal year.
Insider Activity
In other news, insider William J. Berger sold 47,150 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $17.86, for a total transaction of $842,099.00. Following the transaction, the insider now directly owns 365,222 shares of the company’s stock, valued at $6,522,864.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.
Institutional Trading of Sunnova Energy International
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Sunnova Energy International by 1.6% during the first quarter. BlackRock Inc. now owns 16,530,455 shares of the company’s stock valued at $381,192,000 after buying an additional 261,186 shares during the period. Vanguard Group Inc. raised its position in shares of Sunnova Energy International by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,537,879 shares of the company’s stock worth $210,596,000 after acquiring an additional 114,448 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Sunnova Energy International by 9.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,154,366 shares of the company’s stock worth $112,686,000 after purchasing an additional 538,909 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sunnova Energy International by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,744,710 shares of the company’s stock valued at $68,563,000 after purchasing an additional 503,703 shares in the last quarter. Finally, Pictet Asset Management SA grew its stake in Sunnova Energy International by 6.4% in the first quarter. Pictet Asset Management SA now owns 3,397,667 shares of the company’s stock valued at $53,072,000 after purchasing an additional 204,757 shares during the last quarter.
Sunnova Energy International Company Profile
(Get Free Report)
Sunnova Energy International Inc provides energy as a service 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, 2022, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,627 megawatts serving over 279,000 customers.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sunnova Energy International, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Sunnova Energy International wasn’t on the list.
While Sunnova Energy International currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Source: marketbeat.com
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