Sunnova Energy International (NYSE:NOVA – Get Free Report)‘s stock had its “equal weight” rating reiterated by investment analysts at Wells Fargo & Company in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a $6.00 target price on the stock, down from their previous target price of $11.00. Wells Fargo & Company‘s price objective points to a potential upside of 57.89% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Truist Financial reiterated a “buy” rating and set a $16.00 price target (down from $18.00) on shares of Sunnova Energy International in a research report on Monday, February 26th. B. Riley decreased their price target on Sunnova Energy International from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Northland Securities reiterated a “market perform” rating and set a $9.00 price target (down from $12.00) on shares of Sunnova Energy International in a research report on Friday, February 23rd. Mizuho cut their price objective on Sunnova Energy International from $25.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Finally, Susquehanna cut their price objective on Sunnova Energy International from $20.00 to $12.00 and set a “positive” rating for the company in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.73.
Read Our Latest Stock Report on NOVA
Sunnova Energy International Trading Up 0.5 %
Shares of Sunnova Energy International stock opened at $3.80 on Friday. Sunnova Energy International has a 52-week low of $3.52 and a 52-week high of $24.56. The stock’s 50-day simple moving average is $6.40 and its 200 day simple moving average is $9.51. The stock has a market capitalization of $470.59 million, a P/E ratio of -1.09 and a beta of 2.08. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.85 and a current ratio of 0.85.
Sunnova Energy International (NYSE:NOVA – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.04. Sunnova Energy International had a negative return on equity of 13.26% and a negative net margin of 58.00%. The firm had revenue of $194.18 million for the quarter, compared to analysts’ expectations of $226.09 million. As a group, research analysts anticipate that Sunnova Energy International will post -2.28 EPS for the current year.
Insider Activity
In related news, Director Akbar Mohamed acquired 152,450 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $6.92 per share, with a total value of $1,054,954.00. Following the completion of the purchase, the director now owns 236,139 shares in the company, valued at approximately $1,634,081.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Akbar Mohamed acquired 152,450 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $6.92 per share, with a total value of $1,054,954.00. Following the completion of the purchase, the director now owns 236,139 shares in the company, valued at approximately $1,634,081.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jack O. Lynch III sold 12,994 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $6.21, for a total value of $80,692.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,580 shares of company stock valued at $137,382. 4.50% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Sunnova Energy International
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Direct Indexing L.P. bought a new position in shares of Sunnova Energy International during the first quarter valued at approximately $66,000. Vanguard Group Inc. raised its holdings in Sunnova Energy International by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 10,486,392 shares of the company’s stock worth $159,917,000 after purchasing an additional 215,905 shares in the last quarter. Wellington Management Group LLP raised its holdings in Sunnova Energy International by 2.3% in the fourth quarter. Wellington Management Group LLP now owns 343,267 shares of the company’s stock worth $5,235,000 after purchasing an additional 7,571 shares in the last quarter. American International Group Inc. raised its holdings in Sunnova Energy International by 4.8% in the fourth quarter. American International Group Inc. now owns 52,863 shares of the company’s stock worth $806,000 after purchasing an additional 2,443 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Sunnova Energy International by 25.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,971 shares of the company’s stock worth $961,000 after purchasing an additional 12,922 shares in the last quarter.
About Sunnova Energy International
Sunnova Energy International Inc engages in the provision of 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 solar energy system and energy storage system diagnostics services.
Featured Stories
Receive News & Ratings for Sunnova Energy International Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sunnova Energy International and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
