Sunnova Energy International Inc. (NYSE:NOVA) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 18.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 290,032 shares of the company’s stock after purchasing an additional 46,198 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.23% of Sunnova Energy International worth $1,778,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Manchester Capital Management LLC lifted its position in 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 worth $29,000 after acquiring an additional 1,835 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Sunnova Energy International in the first quarter worth about $25,000. Headlands Technologies LLC purchased a new position in Sunnova Energy International in the fourth quarter valued at about $157,000. Ballentine Partners LLC acquired a new stake in Sunnova Energy International during the 4th quarter valued at approximately $161,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in Sunnova Energy International during the 1st quarter worth approximately $66,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on NOVA. Robert W. Baird decreased their price target on shares of Sunnova Energy International from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Evercore ISI cut their target price on shares of Sunnova Energy International from $26.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. The Goldman Sachs Group decreased their price target on Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Wells Fargo & Company restated an “equal weight” rating and set a $6.00 price objective (down previously from $11.00) on shares of Sunnova Energy International in a research note on Friday, April 19th. Finally, B. Riley decreased their target price on Sunnova Energy International from $21.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Eight investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.04.

Sunnova Energy International Price Performance

NOVA traded down $0.07 during trading on Thursday, reaching $7.54. The stock had a trading volume of 6,856,135 shares, compared to its average volume of 8,396,221. The stock has a 50 day moving average of $5.66 and a two-hundred day moving average of $6.65. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of $934.81 million, a price-to-earnings ratio of -2.28 and a beta of 2.19. Sunnova Energy International Inc. has a 1-year low of $3.37 and a 1-year high of $20.85.

Sunnova Energy International (NYSE:NOVA) last announced its earnings results on Wednesday, May 1st. The company reported ($0.57) earnings per share for the quarter, beating the consensus estimate of ($0.79) by $0.22. Sunnova Energy International had a negative return on equity of 12.10% and a negative net margin of 56.52%. The business had revenue of $160.90 million during the quarter, compared to analysts’ expectations of $193.78 million. During the same quarter last year, the business posted ($0.70) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities analysts anticipate that Sunnova Energy International Inc. will post -1.89 EPS for the current fiscal year.

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.