Sunnova Energy International (NYSE:NOVA) Price Target Raised to $32.00 at B. Riley

Sunnova Energy International (NYSE:NOVAGet Rating) had its price target lifted by B. Riley from $30.00 to $32.00 in a research report sent to investors on Monday, The Fly reports.

Several other research analysts have also recently issued reports on the company. Royal Bank of Canada cut their target price on Sunnova Energy International from $41.00 to $37.00 and set an outperform rating on the stock in a research report on Friday, October 28th. Barclays began coverage on Sunnova Energy International in a report on Friday, August 5th. They set an overweight rating and a $35.00 price target on the stock. Truist Financial dropped their price target on Sunnova Energy International from $32.00 to $31.00 and set a buy rating on the stock in a report on Friday, October 28th. Wells Fargo & Company lifted their price target on Sunnova Energy International from $21.00 to $25.00 and gave the stock an equal weight rating in a report on Friday. Finally, Northland Securities lifted their price target on Sunnova Energy International from $28.00 to $45.00 and gave the stock an outperform rating in a report on Friday. Four equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $35.94.

Sunnova Energy International Stock Down 0.8 %

Shares of NYSE:NOVA opened at $22.00 on Monday. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -17.09 and a beta of 2.04. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 3.00. Sunnova Energy International has a 12-month low of $12.47 and a 12-month high of $42.46. The business’s 50 day moving average is $21.40 and its 200 day moving average is $21.48.

Sunnova Energy International (NYSE:NOVAGet Rating) last announced its earnings results on Wednesday, October 26th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.26). The company had revenue of $149.36 million for the quarter, compared to analysts’ expectations 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, sell-side analysts forecast that Sunnova Energy International will post -1.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunnova Energy International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ensign Peak Advisors Inc grew its position in Sunnova Energy International by 3.4% during the first quarter. Ensign Peak Advisors Inc now owns 21,510 shares of the company’s stock worth $496,000 after buying an additional 710 shares in the last quarter. Advisor Group Holdings Inc. grew its position in Sunnova Energy International by 23.4% during the first quarter. Advisor Group Holdings Inc. now owns 4,788 shares of the company’s stock worth $387,000 after buying an additional 907 shares in the last quarter. Teacher Retirement System of Texas grew its position in Sunnova Energy International by 5.6% during the first quarter. Teacher Retirement System of Texas now owns 17,143 shares of the company’s stock worth $395,000 after buying an additional 912 shares in the last quarter. Captrust Financial Advisors grew its position in Sunnova Energy International by 236.4% during the first quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock worth $34,000 after buying an additional 1,045 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its position in Sunnova Energy International by 9.1% during the second quarter. First Republic Investment Management Inc. now owns 13,052 shares of the company’s stock worth $241,000 after buying an additional 1,094 shares in the last quarter.

About Sunnova Energy International

(Get Rating)

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

The Fly logo

Analyst Recommendations for Sunnova Energy International (NYSE:NOVA)

Receive News & Ratings for Sunnova Energy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunnova Energy International and related companies with MarketBeat.com's FREE daily email newsletter.