Sunnova Energy International (NYSE:NOVA) PT Lowered to $17.00 at Mizuho

Sunnova Energy International (NYSE:NOVA) had its target price decreased by Mizuho from $21.00 to $17.00 in a report released on Friday, Benzinga reports. Mizuho currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on the stock. Evercore ISI dropped their price objective on shares of Sunnova Energy International from $29.00 to $26.00 and set an outperform rating on the stock in a research note on Friday, February 23rd. Northland Securities reissued a market perform rating and issued a $9.00 price target (down previously from $12.00) on shares of Sunnova Energy International in a report on Friday, February 23rd. Truist Financial restated a buy rating and set a $16.00 price objective (down previously from $18.00) on shares of Sunnova Energy International in a research report on Monday, February 26th. The Goldman Sachs Group dropped their target price on Sunnova Energy International from $14.00 to $12.00 and set a buy rating on the stock in a research report on Thursday, April 11th. Finally, Morgan Stanley reissued an equal weight rating and set a $14.00 price target (down previously from $24.00) on shares of Sunnova Energy International in a report on Monday, March 4th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $18.73.

Sunnova Energy International Stock Performance

Sunnova Energy International stock opened at $3.80 on Friday. The stock has a market cap of $470.60 million, a P/E ratio of -1.09 and a beta of 2.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 3.58. 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 moving average of $6.40 and a 200-day moving average of $9.51.

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

Insider Activity

In other Sunnova Energy International news, insider Paul S. Mathews sold 9,500 shares of Sunnova Energy International stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $5.31, for a total transaction of $50,445.00. Following the transaction, the insider now owns 14,007 shares of the company’s stock, valued at approximately $74,377.17. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Sunnova Energy International news, insider Jack O. Lynch III sold 12,994 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $6.21, for a total transaction of $80,692.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul S. Mathews sold 9,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $5.31, for a total transaction of $50,445.00. Following the sale, the insider now owns 14,007 shares of the company’s stock, valued at $74,377.17. The disclosure for this sale can be found here. Insiders sold 23,580 shares of company stock worth $137,382 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Sunnova Energy International

Several large investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. raised its stake in Sunnova Energy International by 23.4% during the first quarter. Advisor Group Holdings Inc. now owns 4,788 shares of the company’s stock worth $387,000 after acquiring an additional 907 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Sunnova Energy International by 185.3% in the 1st quarter. Raymond James & Associates now owns 41,819 shares of the company’s stock worth $964,000 after purchasing an additional 27,160 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Sunnova Energy International by 199.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 47,501 shares of the company’s stock worth $1,095,000 after purchasing an additional 31,646 shares in the last quarter. US Bancorp DE increased its position in shares of Sunnova Energy International by 168.8% during the 1st quarter. US Bancorp DE now owns 2,809 shares of the company’s stock worth $65,000 after purchasing an additional 1,764 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Sunnova Energy International by 53.6% during the 1st quarter. MetLife Investment Management LLC now owns 47,065 shares of the company’s stock valued at $1,085,000 after purchasing an additional 16,426 shares during 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.