Diversified Trust Co Buys Shares of 20,825 Sunnova Energy International Inc. (NYSE:NOVA)

Diversified Trust Co acquired a new stake in Sunnova Energy International Inc. (NYSE:NOVA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,825 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds also recently bought and sold shares of the company. First Affirmative Financial Network grew its position in Sunnova Energy International by 12.9% during the second quarter. First Affirmative Financial Network now owns 14,829 shares of the company’s stock worth $83,000 after buying an additional 1,691 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Sunnova Energy International by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 56,487 shares of the company’s stock worth $315,000 after purchasing an additional 3,559 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Sunnova Energy International by 14.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 33,033 shares of the company’s stock worth $202,000 after purchasing an additional 4,200 shares during the last quarter. Sei Investments Co. lifted its position in Sunnova Energy International by 9.8% during the second quarter. Sei Investments Co. now owns 68,846 shares of the company’s stock valued at $384,000 after purchasing an additional 6,117 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in Sunnova Energy International by 129.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,788 shares of the company’s stock worth $72,000 after buying an additional 6,661 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NOVA shares. Robert W. Baird raised their price objective on shares of Sunnova Energy International from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Guggenheim raised their price target on Sunnova Energy International from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group lifted their price target on Sunnova Energy International from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Piper Sandler increased their price objective on Sunnova Energy International from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group started coverage on Sunnova Energy International in a report on Thursday. They set a “buy” rating and a $15.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.57.

Insider Activity

In related news, insider William J. Berger sold 77,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $11.31, for a total value of $870,870.00. Following the completion of the transaction, the insider now directly owns 409,045 shares of the company’s stock, valued at $4,626,298.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.50% of the company’s stock.

Sunnova Energy International Trading Up 1.1 %

NYSE NOVA opened at $6.57 on Friday. The stock has a market cap of $820.33 million, a P/E ratio of -2.27 and a beta of 2.21. Sunnova Energy International Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $16.35. The stock has a 50 day simple moving average of $9.53 and a two-hundred day simple moving average of $6.82. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.97 and a current ratio of 0.97.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.27. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 8.85%. The business had revenue of $219.60 million for the quarter, compared to analysts’ expectations of $220.38 million. During the same quarter in the previous year, the business posted ($0.74) earnings per share. The firm’s revenue for the quarter was up 32.0% compared to the same quarter last year. On average, analysts forecast that Sunnova Energy International Inc. will post -1.86 earnings per share 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.