Sunnova Energy International (NOVA) to Release Quarterly Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Sunnova Energy International to post earnings of ($0.76) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. The company had revenue of $194.18 million during the quarter, compared to the consensus estimate of $226.09 million. Sunnova Energy International had a negative net margin of 58.00% and a negative return on equity of 13.26%. On average, analysts expect Sunnova Energy International to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Sunnova Energy International Stock Performance

Shares of NYSE NOVA opened at $4.00 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 3.58. Sunnova Energy International has a 12-month low of $3.52 and a 12-month high of $24.56. The stock has a 50 day simple moving average of $5.63 and a 200-day simple moving average of $9.31. The company has a market cap of $495.36 million, a PE ratio of -1.14 and a beta of 2.08.

Analyst Ratings Changes

Several analysts have recently weighed in on NOVA shares. Morgan Stanley restated an “equal weight” rating and issued a $14.00 price objective (down previously from $24.00) on shares of Sunnova Energy International in a report on Monday, March 4th. Truist Financial restated a “buy” rating and issued a $16.00 target price (down previously from $18.00) on shares of Sunnova Energy International in a report on Monday, February 26th. Evercore ISI dropped their price objective on shares of Sunnova Energy International from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. The Goldman Sachs Group dropped their target price on Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, Janney Montgomery Scott raised shares of Sunnova Energy International from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sunnova Energy International presently has an average rating of “Moderate Buy” and an average target price of $18.48.

Insider Activity at Sunnova Energy International

In other Sunnova Energy International news, Director Akbar Mohamed bought 152,450 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $6.92 per share, with a total value of $1,054,954.00. Following the completion of the purchase, the director now owns 236,139 shares in the company, valued at $1,634,081.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Jack O. Lynch III sold 12,994 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $6.21, for a total transaction of $80,692.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Akbar Mohamed bought 152,450 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of $6.92 per share, for a total transaction of $1,054,954.00. Following the completion of the acquisition, the director now owns 236,139 shares of the company’s stock, valued at approximately $1,634,081.88. The disclosure for this purchase can be found here. Insiders have sold 23,580 shares of company stock worth $137,382 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Sunnova Energy International Company Profile

Sunnova Energy International Inc engages in the provision of energy as a service 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 solar energy system and energy storage system diagnostics services.