Analysts Set Sunnova Energy International Inc. (NYSE:NOVA) Price Target at $49.17


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Shares of Sunnova Energy International Inc. (NYSE:NOVA) have been given an average rating of “Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $49.58.

Several research analysts have recently weighed in on NOVA shares. Capital One Financial started coverage on shares of Sunnova Energy International in a research note on Thursday, December 17th. They set an “overweight” rating and a $49.00 price target on the stock. Raymond James lifted their target price on shares of Sunnova Energy International from $32.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, January 8th. JPMorgan Chase & Co. lifted their target price on shares of Sunnova Energy International from $49.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, January 20th. KeyCorp lifted their target price on shares of Sunnova Energy International from $28.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, December 28th. Finally, Credit Suisse Group lifted their target price on shares of Sunnova Energy International from $40.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, January 20th.

Shares of Sunnova Energy International stock traded up $1.02 on Tuesday, hitting $42.62. 109,785 shares of the company’s stock were exchanged, compared to its average volume of 2,208,528. The company has a 50-day simple moving average of $49.09 and a 200-day simple moving average of $39.93. The stock has a market capitalization of $3.99 billion, a PE ratio of -19.90 and a beta of 2.19. Sunnova Energy International has a 1 year low of $6.12 and a 1 year high of $57.70. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.67 and a current ratio of 1.67.

In other news, insider Kris W. Hillstrand sold 88,320 shares of the business’s stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $49.28, for a total value of $4,352,409.60. Following the sale, the insider now directly owns 61,142 shares in the company, valued at approximately $3,013,077.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ecp Controlco, Llc sold 3,000,000 shares of the business’s stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $40.80, for a total transaction of $122,400,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,571,107 shares of company stock worth $296,379,906.

Several institutional investors have recently bought and sold shares of NOVA. Berman Capital Advisors LLC increased its holdings in shares of Sunnova Energy International by 533.6% in the 3rd quarter. Berman Capital Advisors LLC now owns 849 shares of the company’s stock worth $25,000 after buying an additional 715 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Sunnova Energy International in the 3rd quarter worth about $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Sunnova Energy International in the 4th quarter worth about $47,000. US Bancorp DE bought a new stake in shares of Sunnova Energy International in the 4th quarter worth about $59,000. Finally, Nisa Investment Advisors LLC bought a new position in Sunnova Energy International during the 4th quarter valued at about $81,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

About Sunnova Energy International

Sunnova Energy International Inc provides residential solar and energy storage services in the United States. The company offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services. It operates a fleet of residential solar energy systems with a generation capacity of approximately 572 megawatts serving approximately 80,000 customers.

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Analyst Recommendations for Sunnova Energy International (NYSE:NOVA)

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