Sunnova Energy International (NOVA) Expected to Announce Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Sunnova Energy International to post earnings of ($0.70) per share and revenue of $236.64 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Sunnova Energy International Trading Down 9.4 %

Shares of NOVA stock opened at $2.07 on Wednesday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a fifty day moving average of $3.52 and a 200-day moving average of $6.18. Sunnova Energy International has a 52-week low of $2.00 and a 52-week high of $13.00. The stock has a market cap of $258.03 million, a price-to-earnings ratio of -0.62 and a beta of 2.28.

Insider Activity at Sunnova Energy International

In other news, CFO Eric Michael Williams purchased 13,800 shares of the company’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $3.60 per share, with a total value of $49,680.00. Following the completion of the transaction, the chief financial officer now owns 13,800 shares of the company’s stock, valued at $49,680. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Akbar Mohamed purchased 50,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $3.64 per share, with a total value of $182,000.00. Following the purchase, the director now owns 352,654 shares of the company’s stock, valued at approximately $1,283,660.56. The trade was a 16.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 118,517 shares of company stock valued at $439,605. 4.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NOVA. Wells Fargo & Company cut their price target on shares of Sunnova Energy International from $8.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. TD Cowen initiated coverage on Sunnova Energy International in a research report on Thursday, December 19th. They set a “hold” rating and a $5.00 target price for the company. Robert W. Baird decreased their price target on Sunnova Energy International from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Barclays dropped their price objective on Sunnova Energy International from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sunnova Energy International from $14.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.03.

About Sunnova Energy International

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.