B. Riley Cuts Sunnova Energy International (NYSE:NOVA) Price Target to $15.00

Sunnova Energy International (NYSE:NOVA) had its price target lowered by stock analysts at B. Riley from $21.00 to $15.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective points to a potential upside of 282.17% from the company’s previous close.

Other research analysts also recently issued reports about the company. Janney Montgomery Scott upgraded Sunnova Energy International from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Friday, March 22nd. Susquehanna reduced their price target on Sunnova Energy International from $20.00 to $12.00 and set a “positive” rating for the company in a research report on Friday, April 5th. Wells Fargo & Company reissued an “equal weight” rating and set a $6.00 price target (down from $11.00) on shares of Sunnova Energy International in a research report on Friday, April 19th. Morgan Stanley reissued an “equal weight” rating and set a $14.00 price target (down from $24.00) on shares of Sunnova Energy International in a research report on Monday, March 4th. Finally, Mizuho reduced their price target on Sunnova Energy International from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.48.

Sunnova Energy International Stock Up 2.7 %

NYSE:NOVA opened at $3.93 on Monday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $486.07 million, a PE ratio of -1.12 and a beta of 2.08. Sunnova Energy International has a 52-week low of $3.52 and a 52-week high of $24.56. The stock has a 50-day simple moving average of $6.10 and a 200 day simple moving average of $9.44.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.04. The business had revenue of $194.18 million during the quarter, compared to the consensus estimate of $226.09 million. Sunnova Energy International had a negative return on equity of 13.26% and a negative net margin of 58.00%. On average, sell-side analysts expect that Sunnova Energy International will post -2.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jack O. Lynch III sold 12,994 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $6.21, for a total transaction of $80,692.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Jack O. Lynch III sold 12,994 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $6.21, for a total transaction of $80,692.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Akbar Mohamed acquired 152,450 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $6.92 per share, for a total transaction of $1,054,954.00. Following the acquisition, the director now owns 236,139 shares in the company, valued at $1,634,081.88. The disclosure for this purchase can be found here. Insiders have sold a total of 23,580 shares of company stock worth $137,382 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Sunnova Energy International

Several hedge funds have recently modified their holdings of the company. Busey Bank acquired a new position in Sunnova Energy International during the 1st quarter worth about $250,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Sunnova Energy International during the 1st quarter worth about $25,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Sunnova Energy International by 229.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 335,814 shares of the company’s stock worth $2,059,000 after buying an additional 233,991 shares during the period. First Trust Direct Indexing L.P. acquired a new position in Sunnova Energy International during the 1st quarter worth about $66,000. Finally, Vanguard Group Inc. lifted its holdings in Sunnova Energy International by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 10,486,392 shares of the company’s stock worth $159,917,000 after buying an additional 215,905 shares during the period.

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.