Mirae Asset Global Investments Co. Ltd. Acquires Shares of 25,000 Sunnova Energy International Inc. (NYSE:NOVA)

Mirae Asset Global Investments Co. Ltd. purchased a new position in Sunnova Energy International Inc. (NYSE:NOVA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,000 shares of the company’s stock, valued at approximately $260,000.

A number of other large investors also recently bought and sold shares of NOVA. First Trust Direct Indexing L.P. bought a new position in Sunnova Energy International during the 1st quarter valued at approximately $66,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of 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 purchasing an additional 6,661 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Sunnova Energy International by 100.5% in the 1st quarter. GSA Capital Partners LLP now owns 109,710 shares of the company’s stock worth $673,000 after purchasing an additional 55,000 shares in the last quarter. Kayne Anderson Capital Advisors LP purchased a new stake in Sunnova Energy International during the 1st quarter valued at about $1,846,000. Finally, SG Americas Securities LLC raised its holdings in Sunnova Energy International by 43.6% in the first quarter. SG Americas Securities LLC now owns 35,168 shares of the company’s stock worth $216,000 after buying an additional 10,682 shares during the last quarter.

Insider Transactions at Sunnova Energy International

In related news, insider William J. Berger sold 77,000 shares of Sunnova Energy International stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $11.31, for a total transaction of $870,870.00. Following the completion of the sale, the insider now owns 409,045 shares in the company, valued at $4,626,298.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Morgan Stanley increased their target price on Sunnova Energy International from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 21st. Citigroup cut their target price on shares of Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating on the stock in a report on Friday. Guggenheim upped their price objective 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. Finally, Jefferies Financial Group assumed coverage on Sunnova Energy International in a research report on Thursday, October 10th. They issued a “buy” rating and a $15.00 target price on the stock. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Sunnova Energy International presently has an average rating of “Moderate Buy” and an average target price of $11.61.

Sunnova Energy International Stock Performance

Sunnova Energy International stock opened at $5.73 on Monday. Sunnova Energy International Inc. has a 1-year low of $3.37 and a 1-year high of $16.35. The company’s 50-day moving average is $8.69 and its 200 day moving average is $6.91. The firm has a market capitalization of $715.45 million, a P/E ratio of -1.71 and a beta of 2.26. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.97 and a quick ratio of 0.97.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). Sunnova Energy International had a negative return on equity of 11.46% and a negative net margin of 51.02%. The business had revenue of $235.30 million for the quarter, compared to the consensus estimate of $238.23 million. During the same period in the prior year, the business posted ($0.53) earnings per share. Sunnova Energy International’s revenue was up 18.6% on a year-over-year basis. Research analysts forecast that Sunnova Energy International Inc. will post -1.99 EPS for the current year.

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.