Sunnova Energy International (NYSE:NOVA) Price Target Raised to $26.00

Sunnova Energy International (NYSE:NOVAGet Rating) had its target price lifted by The Goldman Sachs Group to $26.00 in a report issued on Monday morning, Stock Target Advisor reports.

A number of other brokerages have also recently issued reports on NOVA. 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 report on Friday. Susquehanna assumed coverage on shares of Sunnova Energy International in a report on Monday, October 17th. They issued a positive rating and a $38.00 target price on the stock. Barclays initiated coverage on shares of Sunnova Energy International in a report on Friday, August 5th. They issued an overweight rating and a $35.00 target price on the stock. Truist Financial lowered their price target on shares of Sunnova Energy International from $32.00 to $31.00 and set a buy rating on the stock in a report on Friday, October 28th. Finally, Guggenheim increased their price target on shares of Sunnova Energy International to $51.00 in a 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’s stock. Based on data from MarketBeat, Sunnova Energy International currently has a consensus rating of Moderate Buy and a consensus price target of $35.94.

Sunnova Energy International Trading Down 0.8 %

Shares of NYSE:NOVA opened at $22.00 on Monday. The company’s 50-day moving average price is $21.40 and its two-hundred day moving average price is $21.48. 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 one year low of $12.47 and a one year high of $42.46. The stock has a market capitalization of $2.53 billion, a PE ratio of -17.09 and a beta of 2.04.

Sunnova Energy International (NYSE:NOVAGet Rating) last issued its earnings results on Wednesday, October 26th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.26). The firm had revenue of $149.36 million during the quarter, compared to the consensus estimate of $129.49 million. Sunnova Energy International had a negative net margin of 34.38% and a negative return on equity of 10.57%. On average, equities analysts forecast that Sunnova Energy International will post -1.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NOVA. Alpha Paradigm Partners LLC acquired a new stake in shares of Sunnova Energy International during the 3rd quarter worth approximately $380,000. CIBC Private Wealth Group LLC boosted its position in shares of Sunnova Energy International by 38.9% during the 3rd 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 in the last quarter. Advent Capital Management DE acquired a new stake in shares of Sunnova Energy International during the 3rd quarter worth approximately $949,000. Alliancebernstein L.P. boosted its position in shares of Sunnova Energy International by 10.3% during the 3rd 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 in the last quarter. Finally, Algert Global LLC boosted its position in shares of Sunnova Energy International by 14.7% during the 3rd 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 in the last quarter.

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.

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