DRW Securities LLC Makes New $989,000 Investment in Sunnova Energy International Inc. (NYSE:NOVA)

DRW Securities LLC purchased a new position in Sunnova Energy International Inc. (NYSE:NOVA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 101,500 shares of the company’s stock, valued at approximately $989,000.

Several other institutional investors also recently modified their holdings of NOVA. Peoples Bank KS bought a new position in shares of Sunnova Energy International in the 2nd quarter worth about $56,000. Caxton Associates LP bought a new position in shares of Sunnova Energy International in the 1st quarter worth about $62,000. Presidio Capital Management LLC bought a new position in shares of Sunnova Energy International in the 2nd quarter worth about $67,000. nVerses Capital LLC grew its position in Sunnova Energy International by 237.8% during the 2nd quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock valued at $70,000 after purchasing an additional 8,800 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Sunnova Energy International during the 2nd quarter valued at about $78,000.

Wall Street Analysts Forecast Growth

NOVA has been the topic of several recent analyst reports. BMO Capital Markets reissued a “market perform” rating and set a $8.00 price objective (down from $10.00) on shares of Sunnova Energy International in a research report on Friday, November 1st. Guggenheim downgraded shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of 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. Susquehanna increased their price objective on shares of Sunnova Energy International from $12.00 to $14.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Finally, Truist Financial increased their price objective on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.73.

Sunnova Energy International Stock Performance

NOVA opened at $5.34 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. The company has a market cap of $666.61 million, a price-to-earnings ratio of -1.59 and a beta of 2.26. The company’s 50 day moving average is $6.54 and its 200 day moving average is $6.92. Sunnova Energy International Inc. has a 12-month low of $2.99 and a 12-month high of $16.35.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). The business had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $238.23 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.53) EPS. On average, equities research analysts predict that Sunnova Energy International Inc. will post -2.29 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Eric Michael Williams bought 13,800 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were bought at an average price of $3.60 per share, for a total transaction of $49,680.00. Following the purchase, the chief financial officer now owns 13,800 shares in the company, valued at approximately $49,680. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Akbar Mohamed bought 54,717 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were purchased at an average price of $3.80 per share, for a total transaction of $207,924.60. Following the purchase, the director now owns 302,654 shares in the company, valued at $1,150,085.20. This trade represents a 22.07 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 118,517 shares of company stock worth $439,605. Company insiders own 4.50% of the company’s stock.

Sunnova Energy International Profile

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.