XTX Topco Ltd Acquires New Shares in Sunnova Energy International Inc. (NYSE:NOVA)

XTX Topco Ltd acquired a new stake in Sunnova Energy International Inc. (NYSE:NOVA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 89,854 shares of the company’s stock, valued at approximately $875,000. XTX Topco Ltd owned approximately 0.07% of Sunnova Energy International as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in Sunnova Energy International by 37,400.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after purchasing an additional 2,992 shares in the last quarter. GAMMA Investing LLC increased its holdings in Sunnova Energy International by 736.3% during the 3rd quarter. GAMMA Investing LLC now owns 8,756 shares of the company’s stock worth $85,000 after purchasing an additional 7,709 shares in the last quarter. Creative Planning bought a new position in Sunnova Energy International during the 3rd quarter worth about $107,000. Presidio Capital Management LLC bought a new position in Sunnova Energy International during the 2nd quarter worth about $67,000. Finally, nVerses Capital LLC increased its holdings in Sunnova Energy International by 237.8% during the 2nd quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock worth $70,000 after purchasing an additional 8,800 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on NOVA. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating for the company in a research note on Friday, November 1st. Piper Sandler reduced their price objective on shares of Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group began coverage on shares of Sunnova Energy International in a research note on Thursday, October 10th. They set a “buy” rating and a $15.00 price objective for the company. Morgan Stanley reduced their price objective on shares of Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Finally, BNP Paribas downgraded shares of Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 target price for the company. in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.73.

Sunnova Energy International Price Performance

NOVA stock opened at $4.31 on Wednesday. Sunnova Energy International Inc. has a 12-month low of $2.99 and a 12-month high of $16.35. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The firm has a market cap of $538.55 million, a price-to-earnings ratio of -1.29 and a beta of 2.22. The company’s fifty day simple moving average is $5.37 and its 200 day simple moving average is $6.97.

Sunnova Energy International (NYSE:NOVA) last posted its 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). Sunnova Energy International had a negative return on equity of 11.15% 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 previous year, the firm earned ($0.53) earnings per share. The company’s revenue was up 18.6% on a year-over-year basis. On average, analysts expect that Sunnova Energy International Inc. will post -2.44 earnings per share for the current year.

Insider Activity at Sunnova Energy International

In other Sunnova Energy International news, CFO Eric Michael Williams bought 13,800 shares of Sunnova Energy International stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $3.60 per share, with a total value of $49,680.00. Following the acquisition, the chief financial officer now owns 13,800 shares in the company, valued at approximately $49,680. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Akbar Mohamed bought 50,000 shares of Sunnova Energy International stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $3.64 per share, for a total transaction of $182,000.00. Following the acquisition, 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. In the last ninety days, insiders have acquired 118,517 shares of company stock worth $439,605. 4.50% of the stock is owned by corporate insiders.

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.