Teilinger Capital Ltd. Invests $3.59 Million in Sunnova Energy International Inc. (NYSE:NOVA)

Teilinger Capital Ltd. purchased a new stake in Sunnova Energy International Inc. (NYSE:NOVA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,045,991 shares of the company’s stock, valued at approximately $3,588,000. Sunnova Energy International accounts for about 0.6% of Teilinger Capital Ltd.’s portfolio, making the stock its 11th largest position. Teilinger Capital Ltd. owned 0.84% of Sunnova Energy International as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NOVA. Kempner Capital Management Inc. acquired a new position in Sunnova Energy International in the 4th quarter valued at about $51,000. PFG Investments LLC increased its position in Sunnova Energy International by 37.0% in the 4th quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock valued at $63,000 after acquiring an additional 4,955 shares during the period. Versor Investments LP acquired a new position in Sunnova Energy International in the 4th quarter valued at about $79,000. Atria Wealth Solutions Inc. boosted its holdings in Sunnova Energy International by 85.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 24,845 shares of the company’s stock valued at $85,000 after purchasing an additional 11,435 shares in the last quarter. Finally, Creative Planning purchased a new stake in Sunnova Energy International in the 3rd quarter valued at approximately $107,000.

Sunnova Energy International Price Performance

NOVA stock opened at $1.67 on Friday. Sunnova Energy International Inc. has a 1 year low of $1.64 and a 1 year high of $13.00. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s 50 day moving average price is $2.89 and its 200 day moving average price is $5.66. The firm has a market cap of $208.05 million, a P/E ratio of -0.50 and a beta of 2.28.

Analysts Set New Price Targets

A number of brokerages have weighed in on NOVA. Jefferies Financial Group lowered Sunnova Energy International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $9.00 to $2.00 in a report on Friday, February 7th. The Goldman Sachs Group lowered their price objective on Sunnova Energy International from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. Guggenheim lowered Sunnova Energy International from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Susquehanna lowered Sunnova Energy International from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $4.50 in a report on Friday, January 10th. Finally, BNP Paribas lowered Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price objective on the stock. in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.03.

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.