73,934 Shares in Sunnova Energy International Inc. (NYSE:NOVA) Purchased by Friedenthal Financial

Friedenthal Financial bought a new stake in Sunnova Energy International Inc. (NYSE:NOVA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 73,934 shares of the company’s stock, valued at approximately $720,000. Friedenthal Financial owned 0.06% of Sunnova Energy International as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Sylebra Capital LLC bought a new stake in shares of Sunnova Energy International in the 2nd quarter worth approximately $30,783,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Sunnova Energy International by 56.7% in the second 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 buying an additional 5,118,552 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Sunnova Energy International by 9.1% in the third quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company’s stock valued at $71,097,000 after buying an additional 611,452 shares during the last quarter. Electron Capital Partners LLC boosted its holdings in shares of Sunnova Energy International by 24.5% during the second quarter. Electron Capital Partners LLC now owns 3,004,938 shares of the company’s stock valued at $16,768,000 after acquiring an additional 591,514 shares during the period. Finally, Westwood Holdings Group Inc. grew its position in shares of Sunnova Energy International by 3,168.8% during the first quarter. Westwood Holdings Group Inc. now owns 574,127 shares of the company’s stock worth $3,519,000 after acquiring an additional 556,563 shares during the last quarter.

Insider Transactions at Sunnova Energy International

In related news, insider William J. Berger sold 77,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $11.31, for a total value of $870,870.00. Following the completion of the sale, the insider now owns 409,045 shares in the company, valued at approximately $4,626,298.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Sunnova Energy International in a research report on Thursday, October 10th. They issued a “buy” rating and a $15.00 price objective on the stock. Robert W. Baird boosted their price objective on Sunnova Energy International from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Piper Sandler raised their target price on Sunnova Energy International from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Morgan Stanley lifted their target price on Sunnova Energy International from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 21st. Finally, Scotiabank increased their price target on Sunnova Energy International from $10.00 to $14.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 6th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.60.

Sunnova Energy International Trading Down 1.0 %

Sunnova Energy International stock opened at $5.74 on Friday. The firm has a market cap of $711.66 million, a price-to-earnings ratio of -1.70 and a beta of 2.21. Sunnova Energy International Inc. has a 1 year low of $3.37 and a 1 year high of $16.35. The firm’s 50 day moving average price is $9.41 and its two-hundred day moving average price is $6.82. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.97 and a current ratio of 0.97.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings results 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. The business had revenue of $219.60 million during the quarter, compared to analyst estimates of $220.38 million. Sunnova Energy International had a negative return on equity of 8.85% and a negative net margin of 45.76%. Sunnova Energy International’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.74) EPS. On average, research analysts predict that Sunnova Energy International Inc. will post -1.86 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.