Sunnova Energy International (NYSE:NOVA) Price Target Raised to $25.00 at Wells Fargo & Company

Sunnova Energy International (NYSE:NOVAGet Rating) had its price objective upped by analysts at Wells Fargo & Company from $21.00 to $25.00 in a report released on Friday, MarketBeat Ratings reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 12.71% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Northland Securities upped their target price on shares of Sunnova Energy International from $28.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday. B. Riley lowered their price objective on shares of Sunnova Energy International from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. Guggenheim increased their price objective on shares of Sunnova Energy International to $51.00 in a research note on Tuesday, November 1st. Wolfe Research cut shares of Sunnova Energy International from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 20th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Sunnova Energy International in a research note on Monday, November 14th. They issued a “buy” rating and a $36.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.71.

Sunnova Energy International Price Performance

NOVA opened at $22.18 on Friday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $2.55 billion, a P/E ratio of -17.19 and a beta of 2.04. The company’s 50-day simple moving average is $21.40 and its two-hundred day simple moving average is $21.46. Sunnova Energy International has a 52-week low of $12.47 and a 52-week high of $42.46.

Institutional Investors Weigh In On Sunnova Energy International

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its holdings in Sunnova Energy International by 236.4% during the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock valued at $34,000 after buying an additional 1,045 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in Sunnova Energy International during the 2nd quarter valued at approximately $38,000. Sierra Capital LLC purchased a new stake in Sunnova Energy International during the 2nd quarter valued at approximately $58,000. US Bancorp DE grew its holdings in Sunnova Energy International by 168.8% during the 1st quarter. US Bancorp DE now owns 2,809 shares of the company’s stock valued at $65,000 after buying an additional 1,764 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Sunnova Energy International during the 3rd quarter valued at approximately $66,000.

Sunnova Energy International Company Profile

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Sunnova Energy International Inc provides residential energy services 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 diagnostics services. As of December 31, 2021, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,140 megawatts serving over 195,000 customers.

Further Reading

Analyst Recommendations for Sunnova Energy International (NYSE:NOVA)

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