Sunnova Energy International Inc. (NYSE:NOVA) Receives $4.36 Average Price Target from Analysts

Shares of Sunnova Energy International Inc. (NYSE:NOVA) have been given a consensus rating of “Hold” by the twenty-six analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.36.

A number of research analysts have weighed in on NOVA shares. Piper Sandler reduced their target price on Sunnova Energy International from $4.50 to $1.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Capital One Financial cut shares of Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 3rd. Jefferies Financial Group cut shares of Sunnova Energy International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $9.00 to $2.00 in a research note on Friday, February 7th. The Goldman Sachs Group cut their price target on shares of Sunnova Energy International from $1.00 to $0.50 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Finally, UBS Group lowered shares of Sunnova Energy International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $5.00 to $0.65 in a research report on Tuesday, March 4th.

Sunnova Energy International Stock Down 5.8%

Sunnova Energy International stock opened at $0.18 on Friday. The firm has a 50 day simple moving average of $0.26 and a 200 day simple moving average of $2.13. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. Sunnova Energy International has a 1-year low of $0.15 and a 1-year high of $13.00. The firm has a market capitalization of $22.64 million, a price-to-earnings ratio of -0.05 and a beta of 3.01.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($2.96) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($2.17). Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company had revenue of $224.13 million during the quarter, compared to analysts’ expectations of $235.85 million. During the same quarter last year, the firm posted $0.37 earnings per share. On average, analysts predict that Sunnova Energy International will post -2.63 earnings per share for the current year.

Institutional Trading of Sunnova Energy International

Several hedge funds and other institutional investors have recently bought and sold shares of NOVA. Cibc World Markets Corp purchased a new stake in shares of Sunnova Energy International in the 4th quarter valued at $35,000. Two Sigma Advisers LP bought a new stake in Sunnova Energy International in the fourth quarter worth $35,000. Crux Wealth Advisors purchased a new stake in Sunnova Energy International during the fourth quarter valued at about $35,000. Integrated Wealth Concepts LLC bought a new position in shares of Sunnova Energy International during the fourth quarter valued at about $40,000. Finally, Teza Capital Management LLC bought a new position in shares of Sunnova Energy International during the fourth quarter valued at about $48,000.

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.