Sunnova Energy International Inc. (NYSE:NOVA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Sunnova Energy International Inc. (NYSE:NOVA) has received an average rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.46.

Several brokerages recently weighed in on NOVA. Evercore ISI reduced their price target on shares of Sunnova Energy International from $29.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Susquehanna reduced their price target on shares of Sunnova Energy International from $20.00 to $12.00 and set a “positive” rating for the company in a research report on Friday, April 5th. B. Riley cut their target price on shares of Sunnova Energy International from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 target price (down previously from $24.00) on shares of Sunnova Energy International in a research report on Monday, March 4th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $9.00 target price (down previously from $12.00) on shares of Sunnova Energy International in a research report on Friday, February 23rd.

Insiders Place Their Bets

In related news, Director Akbar Mohamed purchased 152,450 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $6.92 per share, for a total transaction of $1,054,954.00. Following the purchase, the director now directly owns 236,139 shares in the company, valued at $1,634,081.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Sunnova Energy International news, insider Paul S. Mathews sold 9,500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $5.31, for a total value of $50,445.00. Following the sale, the insider now owns 14,007 shares in the company, valued at approximately $74,377.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Akbar Mohamed bought 152,450 shares of Sunnova Energy International stock in a transaction dated Wednesday, February 28th. The stock was acquired 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 in the company, valued at $1,634,081.88. The disclosure for this purchase can be found here. Insiders have sold a total of 23,580 shares of company stock worth $137,382 in the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Sunnova Energy International

Large investors have recently made changes to their positions in the business. Manchester Capital Management LLC increased its holdings in shares of Sunnova Energy International by 2,959.7% in the 4th quarter. Manchester Capital Management LLC now owns 1,897 shares of the company’s stock worth $29,000 after buying an additional 1,835 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Sunnova Energy International by 236.4% in the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock worth $34,000 after buying an additional 1,045 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Sunnova Energy International by 108.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,302 shares of the company’s stock worth $36,000 after buying an additional 1,200 shares during the last quarter. Quarry LP bought a new stake in shares of Sunnova Energy International in the 1st quarter worth about $36,000. Finally, KBC Group NV bought a new stake in shares of Sunnova Energy International in the 4th quarter worth about $51,000.

Sunnova Energy International Price Performance

Shares of NOVA opened at $3.92 on Thursday. The company has a market capitalization of $485.46 million, a P/E ratio of -1.12 and a beta of 2.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 3.58. The firm has a 50 day moving average of $6.70 and a 200 day moving average of $9.59. Sunnova Energy International has a twelve month low of $3.77 and a twelve month high of $24.56.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share 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%. As a group, equities research analysts anticipate that Sunnova Energy International will post -2.28 earnings per share for the current fiscal year.

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.