Brokerages Set Sunnova Energy International Inc. (NYSE:NOVA) PT at $10.89

Shares of Sunnova Energy International Inc. (NYSE:NOVA) have been given a consensus recommendation of “Moderate Buy” by the twenty-three brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.73.

Several research analysts have recently weighed in on NOVA shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group boosted their target price on shares of Sunnova Energy International from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Guggenheim cut shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Barclays reduced their price target on shares of Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Susquehanna increased their price objective on Sunnova Energy International from $12.00 to $14.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd.

Insiders Place Their Bets

In other Sunnova Energy International news, CFO Eric Michael Williams bought 13,800 shares of Sunnova Energy International stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $3.60 per share, for a total transaction of $49,680.00. Following the completion of the purchase, the chief financial officer now directly owns 13,800 shares of the company’s stock, valued at $49,680. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Akbar Mohamed acquired 50,000 shares of Sunnova Energy International stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $3.64 per share, with a total value of $182,000.00. Following the purchase, the director now owns 352,654 shares in the company, valued at $1,283,660.56. The trade was a 16.52 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 118,517 shares of company stock worth $439,605. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Sunnova Energy International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NOVA. International Assets Investment Management LLC raised its holdings in Sunnova Energy International by 37,400.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after acquiring an additional 2,992 shares during the period. GAMMA Investing LLC increased its stake in shares of Sunnova Energy International by 736.3% in the third quarter. GAMMA Investing LLC now owns 8,756 shares of the company’s stock worth $85,000 after purchasing an additional 7,709 shares during the period. Peoples Bank KS acquired a new position in shares of Sunnova Energy International during the 2nd quarter worth about $56,000. Caxton Associates LP bought a new stake in Sunnova Energy International during the 1st quarter valued at approximately $62,000. Finally, Creative Planning acquired a new stake in Sunnova Energy International in the 3rd quarter valued at approximately $107,000.

Sunnova Energy International Price Performance

Sunnova Energy International stock opened at $4.90 on Friday. The company has a fifty day simple moving average of $6.66 and a 200-day simple moving average of $6.91. The firm has a market capitalization of $612.27 million, a price-to-earnings ratio of -1.46 and a beta of 2.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. Sunnova Energy International has a 52-week low of $2.99 and a 52-week high of $16.35.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.45). The company had revenue of $235.30 million during the quarter, compared to analyst estimates of $238.23 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. Sunnova Energy International’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.53) EPS. On average, equities analysts anticipate that Sunnova Energy International will post -2.29 EPS for the current fiscal 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.