Sunnova Energy International (NOVA) Scheduled to Post Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA) will release 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Sunnova Energy International (NYSE:NOVA) last posted 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. Sunnova Energy International had a negative net margin of 58.00% and a negative return on equity of 13.26%. The business had revenue of $194.18 million during the quarter, compared to analysts’ expectations of $226.09 million. 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

Sunnova Energy International stock opened at $4.34 on Tuesday. The firm has a 50 day simple moving average of $5.49 and a 200-day simple moving average of $9.27. Sunnova Energy International has a 1-year low of $3.52 and a 1-year high of $24.56. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $537.47 million, a price-to-earnings ratio of -1.24 and a beta of 2.08.

Insider Activity at Sunnova Energy International

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

Analyst Ratings Changes

Several research firms have recently weighed in on NOVA. Wells Fargo & Company reissued an “equal weight” rating and issued a $6.00 price target (down previously from $11.00) on shares of Sunnova Energy International in a research note on Friday, April 19th. KeyCorp lowered shares of Sunnova Energy International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group dropped their target price on shares of Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Scotiabank decreased their price target on Sunnova Energy International from $20.00 to $10.00 and set a “sector outperform” rating on the stock in a research note on Monday. Finally, Janney Montgomery Scott upgraded Sunnova Energy International from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.14.

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.