Sunnova Energy International (NYSE:NOVA) Reaches New 1-Year Low at $12.47

Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.47 and last traded at $12.79, with a volume of 3911194 shares changing hands. The stock had previously closed at $14.70.

Analysts Set New Price Targets

Several research firms have issued reports on NOVA. Janney Montgomery Scott began coverage on Sunnova Energy International in a report on Thursday, December 1st. They issued a “buy” rating and a $33.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Sunnova Energy International from $36.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, February 24th. Evercore ISI dropped their price target 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. Wells Fargo & Company dropped their price target on Sunnova Energy International from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, February 3rd. Finally, B. Riley upped their price target on Sunnova Energy International from $30.00 to $32.00 in a report on Monday, November 21st. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sunnova Energy International has an average rating of “Moderate Buy” and a consensus target price of $35.50.

Sunnova Energy International Stock Performance

The firm’s fifty day moving average price is $18.30 and its 200 day moving average price is $20.32. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.02. The firm has a market capitalization of $1.49 billion, a PE ratio of -9.65 and a beta of 2.12.

Hedge Funds Weigh In On Sunnova Energy International

Several institutional investors and hedge funds have recently modified their holdings of NOVA. Captrust Financial Advisors boosted its holdings in Sunnova Energy International by 236.4% in 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. US Bancorp DE boosted its holdings in Sunnova Energy International by 168.8% in the first quarter. US Bancorp DE now owns 2,809 shares of the company’s stock worth $65,000 after purchasing an additional 1,764 shares in the last quarter. Strs Ohio bought a new stake in Sunnova Energy International in the third quarter worth $66,000. Ellevest Inc. boosted its holdings in Sunnova Energy International by 195.8% in the third quarter. Ellevest Inc. now owns 3,014 shares of the company’s stock worth $67,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Kepos Capital LP boosted its holdings in Sunnova Energy International by 18.1% in the fourth quarter. Kepos Capital LP now owns 4,012 shares of the company’s stock worth $72,000 after purchasing an additional 615 shares in the last quarter.

Sunnova Energy International Company Profile

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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.