Sunnova Energy International (NYSE:NOVA) Price Target Raised to $45.00 at Northland Securities

Sunnova Energy International (NYSE:NOVAGet Rating) had its price target upped by investment analysts at Northland Securities from $28.00 to $45.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price objective indicates a potential upside of 102.89% from the stock’s current price.

A number of other equities research analysts also recently weighed in on NOVA. Raymond James cut their target price on Sunnova Energy International from $32.00 to $30.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 27th. Wells Fargo & Company upped their target price on Sunnova Energy International from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 3rd. Susquehanna Bancshares initiated coverage on Sunnova Energy International in a research report on Monday, October 17th. They issued a “positive” rating and a $38.00 target price for the company. Susquehanna initiated coverage on Sunnova Energy International in a research report on Monday, October 17th. They set a “positive” rating and a $38.00 price objective for the company. Finally, Guggenheim increased their price objective on Sunnova Energy International to $51.00 in a research report on Tuesday, November 1st. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.71.

Sunnova Energy International Stock Performance

NOVA opened at $22.18 on Friday. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of -17.19 and a beta of 2.04. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.05 and a quick ratio of 2.05. Sunnova Energy International has a 1-year low of $12.47 and a 1-year high of $42.46. The business has a 50 day moving average price of $21.40 and a two-hundred day moving average price of $21.46.

Institutional Trading of Sunnova Energy International

A number of hedge funds have recently modified their holdings of the business. Alpha Paradigm Partners LLC acquired a new position in shares of Sunnova Energy International in the third quarter worth $380,000. CIBC Private Wealth Group LLC increased its stake in shares of Sunnova Energy International by 38.9% in the third quarter. CIBC Private Wealth Group LLC now owns 2,083,894 shares of the company’s stock worth $46,013,000 after acquiring an additional 583,894 shares during the last quarter. Advent Capital Management DE acquired a new position in shares of Sunnova Energy International in the third quarter worth $949,000. Alliancebernstein L.P. increased its stake in shares of Sunnova Energy International by 10.3% in the third quarter. Alliancebernstein L.P. now owns 1,074,515 shares of the company’s stock worth $23,725,000 after acquiring an additional 100,348 shares during the last quarter. Finally, Algert Global LLC increased its stake in shares of Sunnova Energy International by 14.7% in the third quarter. Algert Global LLC now owns 106,329 shares of the company’s stock worth $2,348,000 after acquiring an additional 13,621 shares during the last quarter.

About Sunnova Energy International

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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.

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