Strs Ohio Takes $66,000 Position in Sunnova Energy International Inc. (NYSE:NOVA)

Strs Ohio purchased a new stake in shares of Sunnova Energy International Inc. (NYSE:NOVAGet Rating) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,000 shares of the company’s stock, valued at approximately $66,000.

A number of other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in shares of 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 in the last quarter. FinTrust Capital Advisors LLC bought a new position in Sunnova Energy International during the second quarter valued at approximately $38,000. Sierra Capital LLC bought a new position in Sunnova Energy International during the second quarter valued at approximately $58,000. US Bancorp DE boosted 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 valued at $65,000 after buying an additional 1,764 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Sunnova Energy International during the third quarter valued at approximately $205,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NOVA shares. Piper Sandler raised their price objective on Sunnova Energy International from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, December 22nd. Deutsche Bank Aktiengesellschaft started coverage on Sunnova Energy International in a research note on Monday, November 14th. They issued a “buy” rating and a $36.00 price objective for the company. The Goldman Sachs Group raised their price objective on Sunnova Energy International to $26.00 in a research note on Monday, November 21st. Evercore ISI lowered their price objective on Sunnova Energy International from $38.00 to $35.00 in a research note on Friday, November 18th. Finally, Citigroup started coverage on Sunnova Energy International in a research note on Thursday, December 15th. They set a “buy” rating and a $26.00 price target for the company. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.28.

Sunnova Energy International Trading Up 2.0 %

Shares of NYSE:NOVA opened at $19.44 on Friday. Sunnova Energy International Inc. has a 12-month low of $12.47 and a 12-month high of $31.47. The business’s fifty day simple moving average is $20.59 and its 200-day simple moving average is $21.92. The company has a market capitalization of $2.23 billion, a PE ratio of -15.07 and a beta of 2.13. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 3.00.

Sunnova Energy International (NYSE:NOVAGet Rating) last announced 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). Sunnova Energy International had a negative net margin of 34.38% and a negative return on equity of 10.57%. The company had revenue of $149.36 million during the quarter, compared to analysts’ expectations of $129.49 million. As a group, equities research analysts predict that Sunnova Energy International Inc. will post -1.56 earnings per share for the current fiscal year.

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.

Further Reading

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

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