Sunnova Energy International Inc. (NYSE:NOVA) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Sunnova Energy International Inc. (NYSE:NOVA - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-two research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $19.46.

Several research firms have weighed in on NOVA. The Goldman Sachs Group cut their target price on shares of Sunnova Energy International from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday. Susquehanna dropped their price objective on shares of Sunnova Energy International from $20.00 to $12.00 and set a "positive" rating on the stock in a report on Friday, April 5th. 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 report on Monday, March 4th. 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 report on Friday, February 23rd. Finally, Mizuho dropped their price objective on shares of Sunnova Energy International from $25.00 to $21.00 and set a "buy" rating on the stock in a report on Tuesday, February 27th.

Sunnova Energy International Trading Down 7.6 %

NOVA traded down $0.37 during mid-day trading on Thursday, hitting $4.46. The stock had a trading volume of 8,719,997 shares, compared to its average volume of 9,287,996. The stock's fifty day simple moving average is $7.14 and its 200-day simple moving average is $9.78. 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 firm has a market capitalization of $551.71 million, a price-to-earnings ratio of -1.27 and a beta of 2.08. Sunnova Energy International has a 1-year low of $3.80 and a 1-year high of $24.56.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. The company had revenue of $194.18 million for the quarter, compared to analyst estimates 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, research analysts forecast that Sunnova Energy International will post -2.01 EPS for the current fiscal year.

Insider Activity

In related news, Director Akbar Mohamed bought 152,450 shares of Sunnova Energy International stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $6.92 per share, with a total value of $1,054,954.00. Following the acquisition, the director now owns 236,139 shares of the company's stock, valued at approximately $1,634,081.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Akbar Mohamed bought 152,450 shares of Sunnova Energy International stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $6.92 per share, with a total value of $1,054,954.00. Following the acquisition, the director now owns 236,139 shares of the company's stock, valued at approximately $1,634,081.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul S. Mathews sold 9,500 shares of Sunnova Energy International stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $5.31, for a total transaction of $50,445.00. Following the sale, the insider now directly 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 sold a total of 23,580 shares of company stock valued at $137,382 in the last quarter. Company insiders own 4.40% of the company's stock.

Institutional Trading of Sunnova Energy International

Several hedge funds and other institutional investors have recently modified their holdings of NOVA. Manchester Capital Management LLC boosted its holdings in 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 valued at $29,000 after purchasing an additional 1,835 shares during the period. Captrust Financial Advisors boosted its holdings in Sunnova Energy International by 236.4% in the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company's stock valued at $34,000 after purchasing an additional 1,045 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in 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 valued at $36,000 after purchasing an additional 1,200 shares during the period. Quarry LP bought a new stake in Sunnova Energy International in the 1st quarter valued at about $36,000. Finally, KBC Group NV bought a new stake in Sunnova Energy International in the 4th quarter valued at about $51,000.

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.