Sunnova Energy International Inc. (NYSE:NOVA) Receives $5.37 Average PT from Analysts

Shares of Sunnova Energy International Inc. (NYSE:NOVA) have been given a consensus recommendation of “Hold” by the twenty-seven research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $4.93.

Several analysts recently commented on the stock. Susquehanna downgraded shares of Sunnova Energy International from a “positive” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $4.50 in a research report on Friday, January 10th. Barclays cut shares of Sunnova Energy International from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $9.00 to $1.00 in a report on Wednesday, March 5th. Roth Capital lowered shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Truist Financial downgraded Sunnova Energy International from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Jefferies Financial Group downgraded Sunnova Energy International from a “buy” rating to a “hold” rating and lowered their price target for the company from $9.00 to $2.00 in a report on Friday, February 7th.

Institutional Trading of Sunnova Energy International

Several hedge funds have recently bought and sold shares of NOVA. CenterBook Partners LP bought a new stake in Sunnova Energy International during the fourth quarter valued at about $8,565,000. Invesco Ltd. grew its holdings in Sunnova Energy International by 55.2% during the fourth quarter. Invesco Ltd. now owns 6,082,399 shares of the company’s stock valued at $20,863,000 after purchasing an additional 2,162,379 shares during the period. Capital Fund Management S.A. grew its holdings in Sunnova Energy International by 456.4% during the fourth quarter. Capital Fund Management S.A. now owns 1,737,569 shares of the company’s stock valued at $5,960,000 after purchasing an additional 1,425,281 shares during the period. BNP Paribas Financial Markets bought a new stake in Sunnova Energy International during the fourth quarter valued at about $3,879,000. Finally, Teilinger Capital Ltd. bought a new stake in Sunnova Energy International during the fourth quarter valued at about $3,588,000.

Sunnova Energy International Stock Performance

Shares of NOVA opened at $0.22 on Monday. 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 stock has a market cap of $27.03 million, a P/E ratio of -0.06 and a beta of 2.89. The business’s 50 day moving average price is $0.58 and its 200-day moving average price is $2.82. Sunnova Energy International has a 52 week low of $0.15 and a 52 week high of $13.00.

Sunnova Energy International (NYSE:NOVA) last released its earnings results on Monday, March 3rd. The company reported ($2.96) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $235.85 million. During the same period last year, the firm posted $0.37 earnings per share. Equities research analysts anticipate that Sunnova Energy International will post -2.63 earnings per share for the current fiscal year.

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.