Swiss National Bank grew its stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 7.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 117,600 shares of the company’s stock after acquiring an additional 7,900 shares during the quarter. Swiss National Bank’s holdings in Sunnova Energy International were worth $4,800,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Sunnova Energy International by 146.6% during the 4th quarter. BlackRock Inc. now owns 9,581,200 shares of the company’s stock worth $432,399,000 after buying an additional 5,695,606 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Sunnova Energy International by 16.3% during the 1st quarter. Handelsbanken Fonder AB now owns 3,767,554 shares of the company’s stock worth $153,792,000 after buying an additional 526,760 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in shares of Sunnova Energy International by 32.5% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 811,380 shares of the company’s stock worth $33,119,000 after buying an additional 199,150 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Sunnova Energy International by 179.7% during the 4th quarter. First Trust Advisors LP now owns 809,163 shares of the company’s stock worth $36,518,000 after buying an additional 519,901 shares in the last quarter. Finally, Caas Capital Management LP acquired a new position in shares of Sunnova Energy International during the 4th quarter worth $28,832,000. Hedge funds and other institutional investors own 92.19% of the company’s stock.
In other news, insider Meghan Nutting sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 21st. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the transaction, the insider now owns 14,620 shares in the company, valued at $438,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Walter A. Baker sold 4,395 shares of the firm’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $41.78, for a total value of $183,623.10. 4.10% of the stock is owned by company insiders.
Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings results on Wednesday, April 28th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.03. The business had revenue of $41.28 million for the quarter, compared to analyst estimates of $42.82 million. Sunnova Energy International had a negative return on equity of 7.31% and a negative net margin of 124.34%. On average, analysts predict that Sunnova Energy International Inc. will post -1.12 earnings per share for the current fiscal year.
A number of research firms have recently commented on NOVA. Credit Suisse Group raised Sunnova Energy International from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $48.00 to $56.00 in a report on Friday, February 26th. Evercore ISI started coverage on Sunnova Energy International in a report on Monday, April 26th. They issued an “outperform” rating and a $52.00 target price for the company. B. Riley lowered their target price on Sunnova Energy International from $60.00 to $52.00 and set a “buy” rating for the company in a report on Friday, April 30th. Raymond James decreased their price target on Sunnova Energy International from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, April 8th. Finally, JPMorgan Chase & Co. decreased their price target on Sunnova Energy International from $60.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, March 8th. Thirteen analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $51.38.
Sunnova Energy International Company Profile
Sunnova Energy International Inc, together with its subsidiaries, provides residential solar and energy storage services in the United States. The company offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services.
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