Shares of Sunnova Energy International Inc. (NYSE:NOVA – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-five research firms that are presently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.14.
NOVA has been the topic of a number of recent analyst reports. B. Riley cut their price objective on Sunnova Energy International from $21.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada lifted their price target on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, August 5th. BMO Capital Markets decreased their price objective on shares of Sunnova Energy International from $10.00 to $6.00 and set a “market perform” rating for the company in a report on Friday, May 3rd. Barclays dropped their target price on shares of Sunnova Energy International from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Tuesday, July 23rd. Finally, Morgan Stanley reduced their price target on shares of Sunnova Energy International from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th.
View Our Latest Stock Report on NOVA
Institutional Trading of Sunnova Energy International
Sunnova Energy International Trading Up 17.8 %
Shares of NOVA opened at $7.80 on Wednesday. The stock has a market capitalization of $967.06 million, a P/E ratio of -2.31 and a beta of 2.19. Sunnova Energy International has a twelve month low of $3.37 and a twelve month high of $16.46. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 3.41. The firm has a fifty day simple moving average of $6.46 and a two-hundred day simple moving average of $6.25.
Sunnova Energy International (NYSE:NOVA – Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.27. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 9.28%. The company had revenue of $219.60 million during the quarter, compared to analyst estimates of $220.38 million. During the same period in the prior year, the business posted ($0.74) earnings per share. Sunnova Energy International’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, research analysts anticipate that Sunnova Energy International will post -1.89 EPS for the current year.
About Sunnova Energy International
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.
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