State of New Jersey Common Pension Fund D trimmed its stake in shares of Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) by 29.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,229 shares of the company’s stock after selling 38,160 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Sunnova Energy International were worth $2,058,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Captrust Financial Advisors raised its holdings 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 purchasing an additional 1,045 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of Sunnova Energy International in the 2nd quarter worth about $38,000. Sierra Capital LLC acquired a new stake in Sunnova Energy International in the 2nd quarter valued at about $58,000. US Bancorp DE grew its stake in Sunnova Energy International by 168.8% in the 1st quarter. US Bancorp DE now owns 2,809 shares of the company’s stock valued at $65,000 after acquiring an additional 1,764 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Sunnova Energy International in the third quarter valued at approximately $66,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on NOVA shares. B. Riley upped their target price on Sunnova Energy International from $30.00 to $32.00 in a research note on Monday, November 21st. Citigroup began coverage on shares of Sunnova Energy International in a research note on Thursday, December 15th. They issued a “buy” rating and a $26.00 target price for the company. Truist Financial lowered their price target on shares of Sunnova Energy International from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, October 28th. Capital One Financial reissued an “overweight” rating on shares of Sunnova Energy International in a research note on Wednesday, November 16th. Finally, Wolfe Research downgraded Sunnova Energy International from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 20th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.28.
Sunnova Energy International Stock Down 12.6 %
Sunnova Energy International (NYSE:NOVA – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The company reported ($0.54) earnings per share 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 analyst estimates of $129.49 million. Sunnova Energy International had a negative return on equity of 10.57% and a negative net margin of 34.38%. On average, equities research analysts predict that Sunnova Energy International Inc. will post -1.56 earnings per share for the current fiscal year.
Sunnova Energy International Profile
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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