Sunnova Energy International (NOVA) Scheduled to Post Quarterly Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Sunnova Energy International to post earnings of ($0.76) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Sunnova Energy International (NYSE:NOVA) last issued its earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The company had revenue of $194.18 million during the quarter, compared to analyst estimates of $226.09 million. Sunnova Energy International had a negative net margin of 58.00% and a negative return on equity of 13.26%. On average, analysts expect Sunnova Energy International to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Sunnova Energy International Stock Performance

NOVA stock opened at $3.93 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 3.58. The company has a market capitalization of $486.07 million, a price-to-earnings ratio of -1.12 and a beta of 2.08. Sunnova Energy International has a 12 month low of $3.52 and a 12 month high of $24.56. The firm has a 50 day moving average of $6.10 and a two-hundred day moving average of $9.44.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Evercore ISI reduced their price target on shares of Sunnova Energy International from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. KeyCorp lowered Sunnova Energy International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Janney Montgomery Scott raised shares of Sunnova Energy International from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Friday, March 22nd. The Goldman Sachs Group cut their price target on Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 target price (down previously from $24.00) on shares of Sunnova Energy International in a report on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sunnova Energy International currently has an average rating of “Moderate Buy” and an average target price of $18.48.

Insider Activity at Sunnova Energy International

In other news, Director Akbar Mohamed acquired 152,450 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $6.92 per share, with a total value of $1,054,954.00. Following the transaction, the director now owns 236,139 shares in the company, valued at approximately $1,634,081.88. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other Sunnova Energy International news, Director Akbar Mohamed bought 152,450 shares of Sunnova Energy International stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of $6.92 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul S. Mathews sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $5.31, for a total transaction of $50,445.00. Following the transaction, the insider now directly owns 14,007 shares of the company’s stock, valued at $74,377.17. The disclosure for this sale 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.

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.