Sunnova Energy International Inc. (NYSE:NOVA) Given Average Recommendation of “Hold” by Analysts

Shares of Sunnova Energy International Inc. (NYSE:NOVA) have received an average rating of “Hold” from the twenty-nine research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $5.39.

NOVA has been the topic of several research analyst reports. Piper Sandler decreased their price target on Sunnova Energy International from $4.50 to $1.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. BMO Capital Markets lowered their target price on Sunnova Energy International from $4.00 to $0.85 and set a “market perform” rating on the stock in a report on Tuesday, March 4th. Robert W. Baird reaffirmed a “neutral” rating and set a $2.00 price target (down previously from $9.00) on shares of Sunnova Energy International in a research note on Monday, March 3rd. Citigroup cut shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 13th. Finally, Guggenheim upgraded shares of Sunnova Energy International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th.

Sunnova Energy International Price Performance

Sunnova Energy International stock opened at $0.36 on Thursday. 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 one year low of $0.25 and a one year high of $13.00. The company has a market cap of $44.53 million, a P/E ratio of -0.11 and a beta of 2.64. The business has a fifty day moving average of $1.70 and a two-hundred day moving average of $4.41.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The company had revenue of $224.13 million for the quarter, compared to analysts’ expectations of $235.85 million. During the same period in the prior year, the firm posted $0.37 EPS. As a group, analysts predict that Sunnova Energy International will post -2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunnova Energy International

Large investors have recently bought and sold shares of the stock. Cibc World Markets Corp purchased a new position in shares of Sunnova Energy International in the 4th quarter worth about $35,000. Two Sigma Advisers LP purchased a new stake in shares of Sunnova Energy International during the 4th quarter worth about $35,000. Crux Wealth Advisors acquired a new stake in Sunnova Energy International during the 4th quarter worth approximately $35,000. Integrated Wealth Concepts LLC purchased a new position in Sunnova Energy International in the fourth quarter valued at approximately $40,000. Finally, Teza Capital Management LLC purchased a new position in Sunnova Energy International in the fourth quarter valued at approximately $48,000.

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.