Sunnova Energy International (NYSE:NOVA) Releases Quarterly Earnings Results, Misses Estimates By $2.17 EPS

Sunnova Energy International (NYSE:NOVA) released its quarterly earnings data on Monday. The company reported ($2.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17), RTT News reports. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The firm had revenue of $224.13 million during the quarter, compared to analyst estimates of $235.85 million. During the same period last year, the business earned $0.37 EPS.

Sunnova Energy International Trading Down 14.6 %

NOVA stock opened at $0.51 on Tuesday. Sunnova Energy International has a 1-year low of $0.48 and a 1-year high of $13.00. 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 business’s 50 day moving average is $2.82 and its 200-day moving average is $5.58. The firm has a market cap of $63.35 million, a P/E ratio of -0.15 and a beta of 2.28.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TD Cowen assumed coverage on shares of Sunnova Energy International in a research report on Thursday, December 19th. They set a “hold” rating and a $5.00 price target on the stock. Roth Mkm downgraded Sunnova Energy International from a “buy” rating to a “neutral” rating in a research note on Monday. Robert W. Baird reaffirmed a “neutral” rating and set a $2.00 target price (down previously from $9.00) on shares of Sunnova Energy International in a research note on Monday. Guggenheim cut shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. downgraded shares of Sunnova Energy International from an “overweight” rating to a “neutral” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.78.

Sunnova Energy International Company 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.