Sunnova Energy International Inc. (NYSE:NOVA) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in Sunnova Energy International Inc. (NYSE:NOVA - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,881,651 shares of the company's stock after selling 417,794 shares during the period. Handelsbanken Fonder AB owned about 5.51% of Sunnova Energy International worth $23,604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. raised its holdings in Sunnova Energy International by 85.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 24,845 shares of the company's stock valued at $85,000 after buying an additional 11,435 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of Sunnova Energy International during the fourth quarter worth approximately $114,000. Kempner Capital Management Inc. acquired a new position in Sunnova Energy International in the 4th quarter valued at about $51,000. Swedbank AB lifted its stake in shares of Sunnova Energy International by 19.2% in the 4th quarter. Swedbank AB now owns 341,652 shares of the company's stock worth $1,172,000 after acquiring an additional 55,000 shares during the period. Finally, PFG Investments LLC boosted its holdings in Sunnova Energy International by 37.0% in the 4th quarter. PFG Investments LLC now owns 18,345 shares of the company's stock valued at $63,000 after purchasing an additional 4,955 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NOVA. Wells Fargo & Company lowered their target price on Sunnova Energy International from $8.00 to $4.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. TD Cowen assumed coverage on shares of Sunnova Energy International in a research note on Thursday, December 19th. They set a "hold" rating and a $5.00 price objective for the company. Guggenheim downgraded Sunnova Energy International from a "buy" rating to a "neutral" rating in a research report on Thursday, November 7th. Robert W. Baird reduced their target price on shares of Sunnova Energy International from $12.00 to $9.00 and set an "outperform" rating on the stock in a report on Wednesday, December 18th. Finally, Piper Sandler reduced their price objective on shares of Sunnova Energy International from $8.00 to $4.50 and set a "neutral" rating on the stock in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $9.03.

Sunnova Energy International Stock Performance

Shares of NYSE:NOVA traded down $0.10 on Monday, hitting $1.86. The company's stock had a trading volume of 4,860,275 shares, compared to its average volume of 9,858,374. The company has a market capitalization of $231.78 million, a price-to-earnings ratio of -0.55 and a beta of 2.28. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. Sunnova Energy International Inc. has a 12 month low of $1.85 and a 12 month high of $13.00. The stock's 50-day moving average is $3.09 and its two-hundred day moving average is $5.83.

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.