Headlands Technologies LLC Makes New Investment in Sunnova Energy International Inc. (NYSE:NOVA)

Headlands Technologies LLC bought a new stake in Sunnova Energy International Inc. (NYSE:NOVA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,312 shares of the company’s stock, valued at approximately $157,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NOVA. Allspring Global Investments Holdings LLC lifted its stake in shares of Sunnova Energy International by 158.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,036 shares of the company’s stock worth $74,000 after purchasing an additional 4,310 shares in the last quarter. NewEdge Wealth LLC purchased a new position in Sunnova Energy International in the 3rd quarter worth approximately $125,000. Principal Financial Group Inc. grew its position in Sunnova Energy International by 14.0% in the third quarter. Principal Financial Group Inc. now owns 12,893 shares of the company’s stock valued at $135,000 after acquiring an additional 1,584 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Sunnova Energy International during the third quarter valued at approximately $158,000. Finally, Ballentine Partners LLC acquired a new position in shares of Sunnova Energy International during the fourth quarter worth $161,000.

Insider Activity

In other news, insider Paul S. Mathews sold 9,500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $5.31, for a total value of $50,445.00. Following the completion of the sale, the insider now owns 14,007 shares in the company, valued at $74,377.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Paul S. Mathews sold 9,500 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $5.31, for a total value of $50,445.00. Following the completion of the sale, the insider now directly owns 14,007 shares of the company’s stock, valued at approximately $74,377.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jack O. Lynch III sold 12,994 shares of Sunnova Energy International stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $6.21, for a total value of $80,692.74. The disclosure for this sale can be found here. Insiders have sold 23,580 shares of company stock worth $137,382 over the last 90 days. 4.50% of the stock is owned by company insiders.

Sunnova Energy International Stock Up 8.7 %

Shares of NYSE:NOVA opened at $4.00 on Monday. Sunnova Energy International Inc. has a 1-year low of $3.52 and a 1-year high of $24.56. The company has a 50 day moving average price of $5.63 and a 200 day moving average price of $9.31. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.85 and a current ratio of 0.85.

Sunnova Energy International (NYSE:NOVA) last issued its earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.04. The business had revenue of $194.18 million for the quarter, compared to analysts’ expectations of $226.09 million. Sunnova Energy International had a negative return on equity of 13.26% and a negative net margin of 58.00%. As a group, equities analysts forecast that Sunnova Energy International Inc. will post -2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NOVA shares. The Goldman Sachs Group decreased their price objective on shares of Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Evercore ISI decreased their price target on Sunnova Energy International from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Susquehanna cut their price objective on Sunnova Energy International from $20.00 to $12.00 and set a “positive” rating on the stock in a research note on Friday, April 5th. Truist Financial reiterated a “buy” rating and issued a $16.00 target price (down previously from $18.00) on shares of Sunnova Energy International in a research report on Monday, February 26th. Finally, Morgan Stanley restated an “equal weight” rating and set a $14.00 price objective (down from $24.00) on shares of Sunnova Energy International in a research note on Monday, March 4th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sunnova Energy International has an average rating of “Moderate Buy” and an average target price of $18.48.

Sunnova Energy International 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.