Sunnova Energy International (NYSE:NOVA – Get Free Report) had its price objective lifted by research analysts at Truist Financial from $9.00 to $10.00 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 24.38% from the stock’s current price.
A number of other analysts have also recently commented on NOVA. B. Riley cut their price target on shares of Sunnova Energy International from $21.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley cut their price target on shares of Sunnova Energy International from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Guggenheim upped their price target on shares of Sunnova Energy International from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Friday. KeyCorp cut shares of Sunnova Energy International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, April 23rd. Finally, The Goldman Sachs Group dropped their price objective on shares of Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.80.
View Our Latest Report on Sunnova Energy International
Sunnova Energy International Stock Performance
Shares of Sunnova Energy International stock opened at $8.04 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 3.41. Sunnova Energy International has a twelve month low of $3.37 and a twelve month high of $19.56. The stock has a market cap of $996.80 million, a price-to-earnings ratio of -2.39 and a beta of 2.19. The company’s fifty day moving average is $5.79 and its 200 day moving average is $6.53.
Sunnova Energy International (NYSE:NOVA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.79) by $0.22. Sunnova Energy International had a negative net margin of 56.52% and a negative return on equity of 12.10%. The company had revenue of $160.90 million for the quarter, compared to analysts’ expectations of $193.78 million. During the same quarter in the previous year, the firm posted ($0.70) earnings per share. Sunnova Energy International’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts forecast that Sunnova Energy International will post -1.89 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of NOVA. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Sunnova Energy International during the 1st quarter valued at approximately $25,000. Manchester Capital Management LLC grew its position in shares of Sunnova Energy International by 2,959.7% during the 4th quarter. Manchester Capital Management LLC now owns 1,897 shares of the company’s stock valued at $29,000 after acquiring an additional 1,835 shares during the period. Peoples Bank KS bought a new position in shares of Sunnova Energy International during the 2nd quarter valued at approximately $56,000. Caxton Associates LP bought a new position in shares of Sunnova Energy International during the 1st quarter valued at approximately $62,000. Finally, First Trust Direct Indexing L.P. bought a new position in shares of Sunnova Energy International during the 1st quarter valued at approximately $66,000.
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.
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Source: defenseworld.net
