Sunnova Energy International (NOVA) Scheduled to Post Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Sunnova Energy International to announce earnings of ($0.47) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.27. Sunnova Energy International had a negative return on equity of 8.85% and a negative net margin of 45.76%. The firm had revenue of $219.60 million during the quarter, compared to analyst estimates of $220.38 million. During the same period last year, the company earned ($0.74) earnings per share. The company’s revenue was up 32.0% on a year-over-year basis. On average, analysts expect Sunnova Energy International to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Sunnova Energy International Price Performance

Shares of NOVA stock opened at $5.21 on Wednesday. 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 has a 52-week low of $3.37 and a 52-week high of $16.35. The firm’s 50 day moving average price is $9.33 and its two-hundred day moving average price is $6.85. The stock has a market cap of $645.95 million, a PE ratio of -1.55 and a beta of 2.21.

Insider Activity at Sunnova Energy International

In other news, insider William J. Berger sold 77,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 409,045 shares of the company’s stock, valued at approximately $4,626,298.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Sunnova Energy International from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada upped their target price on Sunnova Energy International from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Piper Sandler upped their target price on shares of Sunnova Energy International from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Truist Financial upped their target price on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Scotiabank upped their price target on shares of Sunnova Energy International from $10.00 to $14.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.11.

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.