Sunnova Energy International (NYSE:NOVA) Now Covered by Scotiabank

Scotiabank began coverage on shares of Sunnova Energy International (NYSE:NOVA – Get Rating) in a research report report published on Thursday morning, The Fly reports. The firm issued a sector outperform rating and a $28.00 price target on the stock.

Several other equities analysts have also issued reports on NOVA. The Goldman Sachs Group decreased their target price on Sunnova Energy International from $26.00 to $23.00 and set a neutral rating for the company in a research report on Tuesday, January 31st. B. Riley boosted their target price on Sunnova Energy International from $30.00 to $32.00 in a research report on Monday, November 21st. Evercore ISI cut their price objective on Sunnova Energy International from $35.00 to $31.00 and set an outperform rating on the stock in a report on Tuesday, February 14th. Royal Bank of Canada lifted their price objective on Sunnova Energy International from $37.00 to $39.00 and gave the company an outperform rating in a report on Tuesday, November 22nd. Finally, Citigroup began coverage on Sunnova Energy International in a report on Thursday, December 15th. They set a buy rating and a $26.00 price objective on the stock. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $35.50.

Sunnova Energy International Price Performance

Sunnova Energy International stock opened at $18.24 on Thursday. The firm has a market capitalization of $2.10 billion, a P/E ratio of -13.61 and a beta of 2.12. Sunnova Energy International has a 1 year low of $12.47 and a 1 year high of $31.47. The business has a 50-day moving average of $18.54 and a 200-day moving average of $20.89. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.02.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Point72 Middle East FZE acquired a new position in shares of Sunnova Energy International during the 4th quarter worth approximately $81,000. 1832 Asset Management L.P. increased its position in shares of Sunnova Energy International by 53.7% during the 4th quarter. 1832 Asset Management L.P. now owns 217,122 shares of the company’s stock worth $3,910,000 after purchasing an additional 75,853 shares during the last quarter. PFS Investments Inc. increased its position in shares of Sunnova Energy International by 11.2% during the 4th quarter. PFS Investments Inc. now owns 100,507 shares of the company’s stock worth $1,810,000 after purchasing an additional 10,143 shares during the last quarter. Sora Investors LLC acquired a new position in shares of Sunnova Energy International during the 4th quarter worth approximately $1,801,000. Finally, Summit Partners Public Asset Management LLC increased its position in shares of Sunnova Energy International by 57.8% during the 4th quarter. Summit Partners Public Asset Management LLC now owns 798,288 shares of the company’s stock worth $14,377,000 after purchasing an additional 292,330 shares during the last quarter.

About Sunnova Energy International

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Sunnova Energy International, Inc operates as a residential energy service provider. It offers solar energy systems, electric vehicle chargers, and home solar protection. The company was founded by William Jackson Berger in 2012 and is headquartered in Houston, TX.