Verition Fund Management LLC Trims Stock Position in Sunnova Energy International Inc. (NYSE:NOVA)

Verition Fund Management LLC lowered its holdings in shares of Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) by 61.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,374 shares of the company’s stock after selling 19,521 shares during the quarter. Verition Fund Management LLC’s holdings in Sunnova Energy International were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NOVA. Captrust Financial Advisors grew its stake in shares of Sunnova Energy International by 236.4% during the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock valued at $34,000 after acquiring an additional 1,045 shares during the period. US Bancorp DE grew its stake in shares of Sunnova Energy International by 168.8% during 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 period. Strs Ohio bought a new position in shares of Sunnova Energy International during the 3rd quarter valued at approximately $66,000. Ellevest Inc. grew its stake in shares of Sunnova Energy International by 195.8% during the 3rd quarter. Ellevest Inc. now owns 3,014 shares of the company’s stock valued at $67,000 after acquiring an additional 1,995 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Sunnova Energy International during the 3rd quarter valued at approximately $205,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Guggenheim boosted their price objective on Sunnova Energy International from $51.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, February 28th. Evercore ISI cut their price objective on Sunnova Energy International from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, February 14th. Scotiabank assumed coverage on Sunnova Energy International in a research note on Thursday, March 2nd. They issued a “sector outperform” rating and a $28.00 price target for the company. Janney Montgomery Scott assumed coverage on Sunnova Energy International in a research note on Thursday, December 1st. They issued a “buy” rating and a $33.00 price target for the company. Finally, Royal Bank of Canada upped their price target on Sunnova Energy International from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 22nd. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sunnova Energy International has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Sunnova Energy International Stock Performance

NYSE:NOVA opened at $17.43 on Friday. The stock’s fifty day moving average is $18.58 and its 200 day moving average is $20.76. Sunnova Energy International Inc. has a fifty-two week low of $12.47 and a fifty-two week high of $31.47. The firm has a market capitalization of $2.00 billion, a PE ratio of -13.01 and a beta of 2.12. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.75 and a current ratio of 1.75.

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.