Sunnova Energy International Inc. (NYSE:NOVA) Receives Consensus Rating of “Moderate Buy” from Analysts

Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the twenty-four analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $34.95.

NOVA has been the topic of several recent research reports. Morgan Stanley initiated coverage on Sunnova Energy International in a report on Monday, April 3rd. They set an “overweight” rating and a $35.00 price objective on the stock. KeyCorp decreased their price target on Sunnova Energy International from $39.00 to $34.00 in a report on Tuesday, April 18th. Truist Financial increased their price target on Sunnova Energy International from $28.00 to $35.00 in a report on Friday, April 28th. Wells Fargo & Company decreased 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, Evercore ISI decreased 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.

Insider Transactions at Sunnova Energy International

In other news, insider Kelsey Hultberg sold 2,400 shares of the stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $14.03, for a total transaction of $33,672.00. Following the transaction, the insider now owns 19,974 shares of the company’s stock, valued at approximately $280,235.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Sunnova Energy International

A number of institutional investors have recently added to or reduced their stakes in the stock. Mariner LLC boosted its position in Sunnova Energy International by 0.5% during the fourth quarter. Mariner LLC now owns 123,835 shares of the company’s stock valued at $2,230,000 after purchasing an additional 587 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Sunnova Energy International by 2.5% in the fourth quarter. Advisors Asset Management Inc. now owns 24,399 shares of the company’s stock valued at $439,000 after buying an additional 591 shares during the last quarter. Kepos Capital LP raised its stake in Sunnova Energy International by 18.1% in the fourth quarter. Kepos Capital LP now owns 4,012 shares of the company’s stock valued at $72,000 after buying an additional 615 shares during the last quarter. Cim Investment Management Inc. raised its stake in Sunnova Energy International by 3.6% in the first quarter. Cim Investment Management Inc. now owns 19,647 shares of the company’s stock valued at $307,000 after buying an additional 676 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in Sunnova Energy International by 3.4% in the first quarter. Ensign Peak Advisors Inc now owns 21,510 shares of the company’s stock valued at $496,000 after buying an additional 710 shares during the last quarter.

Sunnova Energy International Stock Down 6.3 %

Shares of NOVA opened at $14.34 on Monday. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -8.24 and a beta of 2.08. Sunnova Energy International has a 1 year low of $12.46 and a 1 year high of $31.47. The business’s 50 day simple moving average is $15.54 and its 200-day simple moving average is $18.21. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.57 and a quick ratio of 1.57.

Sunnova Energy International (NYSE:NOVA – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.12). The firm had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $159.54 million. Sunnova Energy International had a negative return on equity of 13.47% and a negative net margin of 30.75%. The firm’s revenue was up 146.0% on a year-over-year basis. During the same period last year, the company earned ($0.30) earnings per share. As a group, equities analysts expect that Sunnova Energy International will post -1.34 earnings per share for the current fiscal year.

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.