PFG Investments LLC Invests $130,000 in Sunnova Energy International Inc. (NYSE:NOVA)

PFG Investments LLC purchased a new stake in Sunnova Energy International Inc. (NYSE:NOVA) during the third quarter, Holdings Channel reports. The institutional investor purchased 13,390 shares of the company’s stock, valued at approximately $130,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Sunnova Energy International by 37,400.0% in the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock valued at $308,000 after purchasing an additional 2,992 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Sunnova Energy International by 736.3% in the 3rd quarter. GAMMA Investing LLC now owns 8,756 shares of the company’s stock valued at $85,000 after buying an additional 7,709 shares in the last quarter. Peoples Bank KS acquired a new stake in Sunnova Energy International during the 2nd quarter worth $56,000. Caxton Associates LP bought a new position in Sunnova Energy International during the first quarter worth about $62,000. Finally, First Trust Direct Indexing L.P. bought a new position in Sunnova Energy International during the first quarter worth about $66,000.

Insider Buying and Selling

In other Sunnova Energy International news, insider William J. Berger sold 77,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $11.31, for a total value of $870,870.00. Following the sale, the insider now owns 409,045 shares in the company, 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. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NOVA. Scotiabank increased their price target on Sunnova Energy International from $10.00 to $14.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 6th. Royal Bank of Canada raised their target price on shares of Sunnova Energy International from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. BMO Capital Markets upped their price target on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company a “market perform” rating in a report on Monday, October 14th. Truist Financial raised their price objective on shares of Sunnova Energy International from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of Sunnova Energy International from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Sunnova Energy International has a consensus rating of “Moderate Buy” and a consensus target price of $12.11.

Sunnova Energy International Price Performance

NYSE:NOVA opened at $6.07 on Friday. The stock has a market capitalization of $757.92 million, a PE ratio of -2.09 and a beta of 2.21. Sunnova Energy International Inc. has a 1-year low of $3.37 and a 1-year high of $16.35. The firm has a fifty day simple moving average of $8.80 and a 200 day simple moving average of $6.85. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 3.11.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). The firm had revenue of $235.30 million during the quarter, compared to the consensus estimate of $238.23 million. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 8.85%. The business’s revenue was up 18.6% on a year-over-year basis. During the same period last year, the business earned ($0.53) EPS. On average, research analysts expect that Sunnova Energy International Inc. will post -1.99 EPS for the current fiscal 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.