Sunnova Energy International (NYSE:NOVA) Stock Rating Lowered by Roth Mkm

Sunnova Energy International (NYSE:NOVA) was downgraded by equities research analysts at Roth Mkm from a “buy” rating to a “neutral” rating in a report released on Monday,Briefing.com Automated Import reports.

Several other research analysts have also recently commented on NOVA. Capital One Financial cut Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a research report on Monday. TD Cowen began coverage on shares of Sunnova Energy International in a report on Thursday, December 19th. They set a “hold” rating and a $5.00 target price on the stock. Wolfe Research cut Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Morgan Stanley lowered their price objective on Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. Finally, Barclays cut their target price on Sunnova Energy International from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.72.

Sunnova Energy International Stock Down 55.4 %

Sunnova Energy International stock traded down $0.92 during mid-day trading on Monday, reaching $0.74. The company’s stock had a trading volume of 74,396,207 shares, compared to its average volume of 11,252,033. The business’s 50 day simple moving average is $2.89 and its 200 day simple moving average is $5.63. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. Sunnova Energy International has a 12 month low of $0.48 and a 12 month high of $13.00. The company has a market capitalization of $92.59 million, a price-to-earnings ratio of -0.22 and a beta of 2.28.

Institutional Trading of Sunnova Energy International

Hedge funds have recently modified their holdings of the stock. First Trust Direct Indexing L.P. increased its stake in Sunnova Energy International by 11.6% in the third 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. International Assets Investment Management LLC increased its position in Sunnova Energy International by 37,400.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock valued at $308,000 after buying an additional 2,992 shares in the last quarter. Peapack Gladstone Financial Corp increased its position in Sunnova Energy International by 11.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 32,200 shares of the company’s stock valued at $314,000 after buying an additional 3,200 shares in the last quarter. PFG Investments LLC boosted its holdings in Sunnova Energy International by 37.0% in the fourth quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock worth $63,000 after acquiring an additional 4,955 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in Sunnova Energy International by 38.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,490 shares of the company’s stock valued at $70,000 after acquiring an additional 5,662 shares during the period.

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.