Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 6,707 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lessened its holdings in Sunnova Energy International Inc. (NYSE:NOVAGet Rating) by 15.9% in the third quarter, HoldingsChannel reports. The fund owned 35,413 shares of the company’s stock after selling 6,707 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Sunnova Energy International were worth $782,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOVA. Advisor Group Holdings Inc. raised its stake in Sunnova Energy International by 23.4% in the first quarter. Advisor Group Holdings Inc. now owns 4,788 shares of the company’s stock valued at $387,000 after purchasing an additional 907 shares in the last quarter. Raymond James & Associates raised its stake in Sunnova Energy International by 185.3% in the first quarter. Raymond James & Associates now owns 41,819 shares of the company’s stock valued at $964,000 after purchasing an additional 27,160 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Sunnova Energy International by 199.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 47,501 shares of the company’s stock worth $1,095,000 after acquiring an additional 31,646 shares in the last quarter. US Bancorp DE raised its stake in Sunnova Energy International by 168.8% during the first quarter. US Bancorp DE now owns 2,809 shares of the company’s stock worth $65,000 after acquiring an additional 1,764 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Sunnova Energy International by 53.6% during the first quarter. MetLife Investment Management LLC now owns 47,065 shares of the company’s stock worth $1,085,000 after acquiring an additional 16,426 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have commented on the company. Northland Securities boosted their target price on Sunnova Energy International from $28.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 18th. Susquehanna Bancshares assumed coverage on Sunnova Energy International in a research note on Monday, October 17th. They set a “positive” rating and a $38.00 target price for the company. B. Riley boosted their target price on Sunnova Energy International from $30.00 to $32.00 in a research note on Monday, November 21st. Raymond James reduced their price target on Sunnova Energy International from $32.00 to $30.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 27th. Finally, Wolfe Research cut Sunnova Energy International from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 20th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.28.

Sunnova Energy International Stock Performance

Shares of NOVA stock opened at $19.44 on Friday. The business’s 50 day simple moving average is $20.59 and its 200 day simple moving average is $21.92. Sunnova Energy International Inc. has a one year low of $12.47 and a one year high of $31.47. The stock has a market capitalization of $2.23 billion, a PE ratio of -15.07 and a beta of 2.13. 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 (NYSE:NOVAGet Rating) last posted its quarterly 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 business had revenue of $149.36 million for the quarter, compared to the consensus estimate of $129.49 million. Sunnova Energy International had a negative return on equity of 10.57% and a negative net margin of 34.38%. As a group, research analysts forecast that Sunnova Energy International Inc. will post -1.56 earnings per share for the current year.

Sunnova Energy International 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.

See Also

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Institutional Ownership by Quarter for Sunnova Energy International (NYSE:NOVA)

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