Sunnova Energy International Inc. (NYSE:NOVA) Receives $9.58 Consensus PT from Analysts

Sunnova Energy International Inc. (NYSE:NOVA) has been given a consensus recommendation of “Hold” by the twenty-four analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.58.

A number of analysts have recently commented on the company. Citigroup lowered their target price on Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Susquehanna downgraded Sunnova Energy International from a “positive” rating to a “neutral” rating and decreased their price target for the company from $14.00 to $4.50 in a report on Friday, January 10th. Barclays cut their target price on shares of Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Robert W. Baird lowered their price target on shares of Sunnova Energy International from $12.00 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, Morgan Stanley cut their price objective on shares of Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, November 15th.

Insiders Place Their Bets

In other Sunnova Energy International news, Director Akbar Mohamed purchased 54,717 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of $3.80 per share, with a total value of $207,924.60. Following the completion of the purchase, the director now owns 302,654 shares in the company, valued at approximately $1,150,085.20. This represents a 22.07 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Eric Michael Williams purchased 13,800 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $3.60 per share, for a total transaction of $49,680.00. Following the completion of the transaction, the chief financial officer now directly owns 13,800 shares of the company’s stock, valued at $49,680. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 118,517 shares of company stock valued at $439,605 in the last 90 days. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Sunnova Energy International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in Sunnova Energy International by 125.0% during the fourth quarter. SG Americas Securities LLC now owns 53,706 shares of the company’s stock worth $184,000 after buying an additional 29,834 shares during the last quarter. Peapack Gladstone Financial Corp raised its holdings in shares of Sunnova Energy International by 11.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 32,200 shares of the company’s stock worth $314,000 after acquiring an additional 3,200 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Sunnova Energy International by 36.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 695,582 shares of the company’s stock valued at $6,775,000 after acquiring an additional 184,683 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Sunnova Energy International in the third quarter valued at about $433,000. Finally, Geode Capital Management LLC increased its position in Sunnova Energy International by 3.6% during the third quarter. Geode Capital Management LLC now owns 2,562,684 shares of the company’s stock worth $24,965,000 after purchasing an additional 88,945 shares during the last quarter.

Sunnova Energy International Stock Down 3.5 %

Shares of NYSE NOVA opened at $3.16 on Friday. The company has a 50 day simple moving average of $4.06 and a two-hundred day simple moving average of $6.64. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. Sunnova Energy International has a 12 month low of $2.99 and a 12 month high of $13.00.

Sunnova Energy International (NYSE:NOVA) last posted its earnings results 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 for the quarter, compared to analyst estimates of $238.23 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.53) earnings per share. As a group, research analysts expect that Sunnova Energy International will post -2.56 earnings per share for the current 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.