Brokerages Set Sunnova Energy International Inc. (NYSE:NOVA) PT at $10.89

Shares of Sunnova Energy International Inc. (NYSE:NOVA) have been assigned an average rating of “Moderate Buy” from the twenty-three ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $10.73.

A number of research analysts have recently issued reports on NOVA shares. Royal Bank of Canada lifted their target price on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. BNP Paribas lowered Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price objective on the stock. in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating for the company in a research note on Friday, November 1st. Scotiabank upped their price target on shares of Sunnova Energy International from $10.00 to $14.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 6th. Finally, Wolfe Research cut shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th.

Sunnova Energy International Trading Up 12.1 %

Shares of NOVA opened at $4.90 on Friday. 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 stock has a market cap of $612.27 million, a PE ratio of -1.46 and a beta of 2.26. Sunnova Energy International has a 1 year low of $2.99 and a 1 year high of $16.35. The stock has a 50 day simple moving average of $6.66 and a 200-day simple moving average of $6.91.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings data 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 company had revenue of $235.30 million for the quarter, compared to the consensus estimate 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 firm’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.53) earnings per share. On average, sell-side analysts predict that Sunnova Energy International will post -2.29 EPS for the current fiscal year.

Insider Activity at Sunnova Energy International

In other Sunnova Energy International news, Director Akbar Mohamed purchased 50,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $3.64 per share, with a total value of $182,000.00. Following the completion of the transaction, the director now owns 352,654 shares in the company, valued at $1,283,660.56. The trade was a 16.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eric Michael Williams bought 13,800 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $3.60 per share, for a total transaction of $49,680.00. Following the completion of the acquisition, the chief financial officer now directly owns 13,800 shares of the company’s stock, valued at approximately $49,680. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 118,517 shares of company stock valued at $439,605. 4.50% of the stock is owned by insiders.

Institutional Trading of Sunnova Energy International

Large investors have recently made changes to their positions in the company. First Affirmative Financial Network boosted its stake in Sunnova Energy International by 12.9% in the second quarter. First Affirmative Financial Network now owns 14,829 shares of the company’s stock valued at $83,000 after buying an additional 1,691 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Sunnova Energy International by 11.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 19,373 shares of the company’s stock valued at $189,000 after purchasing an additional 2,016 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Sunnova Energy International by 15.9% during the 3rd quarter. Ballentine Partners LLC now owns 21,515 shares of the company’s stock valued at $210,000 after purchasing an additional 2,956 shares during the last quarter. International Assets Investment Management LLC increased its position in Sunnova Energy International by 37,400.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after purchasing an additional 2,992 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Sunnova Energy International by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 56,487 shares of the company’s stock valued at $315,000 after buying an additional 3,559 shares in the last quarter.

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.