-$0.33 Earnings Per Share Expected for Sunnova Energy International Inc. (NYSE:NOVA) This Quarter

Equities research analysts expect Sunnova Energy International Inc. (NYSE:NOVA) to report ($0.33) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Sunnova Energy International’s earnings, with estimates ranging from ($0.39) to ($0.27). The firm is expected to announce its next earnings report on Wednesday, February 23rd.

According to Zacks, analysts expect that Sunnova Energy International will report full year earnings of ($1.42) per share for the current fiscal year, with EPS estimates ranging from ($1.52) to ($1.08). For the next financial year, analysts anticipate that the firm will report earnings of ($1.18) per share, with EPS estimates ranging from ($1.54) to ($0.80). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Sunnova Energy International.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings data on Wednesday, October 27th. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.09). The company had revenue of $68.90 million for the quarter, compared to analyst estimates of $67.31 million. Sunnova Energy International had a negative return on equity of 8.58% and a negative net margin of 100.43%. During the same quarter in the prior year, the firm earned ($0.15) EPS.

A number of research analysts recently commented on NOVA shares. Truist initiated coverage on Sunnova Energy International in a report on Friday, October 15th. They issued a “buy” rating and a $50.00 price target for the company. Credit Suisse Group increased their price target on shares of Sunnova Energy International from $61.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, November 8th. Zacks Investment Research downgraded shares of Sunnova Energy International from a “hold” rating to a “sell” rating in a report on Wednesday. Truist Securities initiated coverage on shares of Sunnova Energy International in a report on Friday, October 15th. They issued a “buy” rating and a $50.00 price target for the company. Finally, KeyCorp decreased their price target on shares of Sunnova Energy International from $50.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sunnova Energy International presently has a consensus rating of “Buy” and a consensus price target of $51.71.

NYSE NOVA traded down $0.46 on Friday, reaching $23.59. The company had a trading volume of 66,841 shares, compared to its average volume of 2,572,366. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.73 and a quick ratio of 2.73. Sunnova Energy International has a 1 year low of $22.07 and a 1 year high of $55.55. The firm has a 50-day moving average of $32.61 and a 200-day moving average of $34.73. The firm has a market capitalization of $2.65 billion, a PE ratio of -11.29 and a beta of 2.06.

In related news, Director Akbar Mohamed acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, December 28th. The shares were acquired at an average price of $26.13 per share, for a total transaction of $522,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael C. Morgan sold 31,868 shares of the firm’s stock in a transaction that occurred on Wednesday, October 20th. The shares were sold at an average price of $40.81, for a total transaction of $1,300,533.08. The disclosure for this sale can be found here. Insiders sold 6,062,778 shares of company stock worth $250,350,655 in the last 90 days. 4.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of NOVA. BlackRock Inc. boosted its holdings in Sunnova Energy International by 1.3% during the third quarter. BlackRock Inc. now owns 12,037,967 shares of the company’s stock worth $396,531,000 after buying an additional 155,277 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Sunnova Energy International by 14.4% during the second quarter. Vanguard Group Inc. now owns 7,764,078 shares of the company’s stock worth $292,395,000 after buying an additional 974,595 shares in the last quarter. Invesco Ltd. boosted its holdings in Sunnova Energy International by 2.3% during the third quarter. Invesco Ltd. now owns 3,675,732 shares of the company’s stock worth $121,078,000 after buying an additional 82,402 shares in the last quarter. Amundi bought a new stake in Sunnova Energy International during the second quarter worth approximately $108,703,000. Finally, Morgan Stanley boosted its holdings in Sunnova Energy International by 211.2% during the third quarter. Morgan Stanley now owns 2,007,897 shares of the company’s stock worth $66,139,000 after buying an additional 1,362,613 shares in the last quarter.

About Sunnova Energy International

Sunnova Energy International, Inc engages in providing solar and energy storage services. It also offers services to customers who purchased their solar energy system through unaffiliated third parties. The company was founded by William J. (John) Berger on October 22, 2012 and is headquartered in Houston, TX.

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Earnings History and Estimates for Sunnova Energy International (NYSE:NOVA)

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