Sunnova Energy International (NYSE:NOVA) Trading Down 10.7%

Sunnova Energy International Inc. (NYSE:NOVA) shares traded down 10.7% during mid-day trading on Tuesday . The stock traded as low as $9.91 and last traded at $9.92. 3,411,658 shares changed hands during trading, a decline of 58% from the average session volume of 8,102,471 shares. The stock had previously closed at $11.11.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Scotiabank upped their price objective on Sunnova Energy International from $10.00 to $14.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 6th. Susquehanna lifted their price objective on shares of Sunnova Energy International from $12.00 to $14.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Wells Fargo & Company increased their target price on Sunnova Energy International from $6.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group lifted their target price on Sunnova Energy International from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird raised their price target on shares of Sunnova Energy International from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Eight 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. Based on data from MarketBeat.com, Sunnova Energy International has a consensus rating of “Moderate Buy” and a consensus target price of $15.26.

Sunnova Energy International Trading Down 9.2 %

The stock has a market cap of $1.26 billion, a PE ratio of -3.03 and a beta of 2.19. The company’s fifty day moving average is $7.76 and its 200-day moving average is $6.18. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.97 and a quick ratio of 0.97.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.27. Sunnova Energy International had a negative return on equity of 8.85% and a negative net margin of 45.76%. The business had revenue of $219.60 million during the quarter, compared to analyst estimates of $220.38 million. During the same quarter last year, the business posted ($0.74) EPS. The company’s revenue was up 32.0% on a year-over-year basis. On average, analysts predict that Sunnova Energy International Inc. will post -1.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunnova Energy International

In related news, insider William J. Berger sold 77,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $11.31, for a total transaction of $870,870.00. Following the sale, the insider now owns 409,045 shares in the company, valued at $4,626,298.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Sunnova Energy International

A number of institutional investors and hedge funds have recently made changes to their positions in NOVA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Sunnova Energy International by 56.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,142,487 shares of the company’s stock valued at $78,915,000 after acquiring an additional 5,118,552 shares during the period. Vanguard Group Inc. lifted its holdings in Sunnova Energy International by 0.8% during the first quarter. Vanguard Group Inc. now owns 10,568,045 shares of the company’s stock valued at $64,782,000 after purchasing an additional 81,653 shares in the last quarter. Sylebra Capital LLC acquired a new position in shares of Sunnova Energy International during the 2nd quarter worth about $30,783,000. Electron Capital Partners LLC lifted its stake in Sunnova Energy International by 24.5% in the 2nd quarter. Electron Capital Partners LLC now owns 3,004,938 shares of the company’s stock valued at $16,768,000 after buying an additional 591,514 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Sunnova Energy International by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 842,130 shares of the company’s stock worth $12,842,000 after buying an additional 61,953 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.