Roth Capital Weighs in on Sunnova Energy International Inc.'s Q4 2024 Earnings (NYSE:NOVA)

Sunnova Energy International Inc. (NYSE:NOVA - Free Report) - Analysts at Roth Capital raised their Q4 2024 earnings estimates for Sunnova Energy International in a note issued to investors on Thursday, May 2nd. Roth Capital analyst P. Shen now forecasts that the company will earn $0.05 per share for the quarter, up from their prior forecast of $0.04. The consensus estimate for Sunnova Energy International's current full-year earnings is ($2.39) per share. Roth Capital also issued estimates for Sunnova Energy International's Q4 2025 earnings at $0.00 EPS.

Other analysts also recently issued research reports about the company. Evercore ISI lowered their target price on Sunnova Energy International from $26.00 to $17.00 and set an "outperform" rating on the stock in a research note on Friday. Wells Fargo & Company reissued an "equal weight" rating and set a $6.00 price objective (down previously from $11.00) on shares of Sunnova Energy International in a research note on Friday, April 19th. Northland Securities restated a "market perform" rating and set a $9.00 price objective (down from $12.00) on shares of Sunnova Energy International in a research report on Friday, February 23rd. Truist Financial decreased their price target on Sunnova Energy International from $16.00 to $9.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Scotiabank lowered their price target on Sunnova Energy International from $20.00 to $10.00 and set a "sector outperform" rating for the company in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.71.

Sunnova Energy International Stock Up 8.3 %

Shares of NOVA traded up $0.37 during mid-day trading on Friday, hitting $4.79. 15,120,959 shares of the company traded hands, compared to its average volume of 9,410,099. The business has a 50 day moving average of $5.11 and a 200 day moving average of $9.15. The company has a market capitalization of $592.57 million, a PE ratio of -1.43 and a beta of 2.15. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 3.58. Sunnova Energy International has a 1-year low of $3.37 and a 1-year high of $24.56.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.79) by $0.22. The firm had revenue of $160.90 million for the quarter, compared to the consensus estimate of $193.78 million. Sunnova Energy International had a negative return on equity of 12.35% and a negative net margin of 56.52%. The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.70) EPS.

Institutional Investors Weigh In On Sunnova Energy International

Several large investors have recently made changes to their positions in NOVA. Commonwealth Equity Services LLC raised its position in Sunnova Energy International by 34.0% during the third quarter. Commonwealth Equity Services LLC now owns 17,527 shares of the company's stock valued at $184,000 after purchasing an additional 4,450 shares in the last quarter. Raymond James & Associates boosted its position in Sunnova Energy International by 19.5% during the 3rd quarter. Raymond James & Associates now owns 95,096 shares of the company's stock worth $996,000 after buying an additional 15,503 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Sunnova Energy International by 3.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 66,485 shares of the company's stock valued at $696,000 after acquiring an additional 1,962 shares during the period. Mackenzie Financial Corp grew its holdings in Sunnova Energy International by 37.2% during the 3rd quarter. Mackenzie Financial Corp now owns 115,657 shares of the company's stock worth $1,211,000 after acquiring an additional 31,338 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Sunnova Energy International by 4.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 105,299 shares of the company's stock worth $1,102,000 after acquiring an additional 4,411 shares in the last quarter.

Insider Transactions at Sunnova Energy International

In other Sunnova Energy International news, insider Paul S. Mathews sold 9,500 shares of the firm'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 directly owns 14,007 shares in the company, valued at approximately $74,377.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sunnova Energy International news, insider Paul S. Mathews sold 9,500 shares of Sunnova Energy International 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 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 can be accessed through this link. Also, Director Akbar Mohamed purchased 152,450 shares of the company's stock in a transaction that occurred on 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 directly owns 236,139 shares of the company's stock, valued at $1,634,081.88. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 23,580 shares of company stock worth $137,382. Insiders own 4.50% of the company's stock.

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.