Sunnova Energy International (NYSE:NOVA) Shares Gap Down to $5.67

Sunnova Energy International Inc. (NYSE:NOVA - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $5.67, but opened at $5.42. Sunnova Energy International shares last traded at $5.28, with a volume of 1,040,515 shares.

Analysts Set New Price Targets

A number of research firms recently weighed in on NOVA. Mizuho dropped their price target on shares of Sunnova Energy International from $25.00 to $21.00 and set a "buy" rating on the stock in a research report on Tuesday, February 27th. Piper Sandler upgraded Sunnova Energy International from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $13.00 to $26.00 in a research note on Tuesday, December 19th. Janney Montgomery Scott upgraded Sunnova Energy International from a "neutral" rating to a "buy" rating and set a $12.00 price target on the stock in a report on Friday, March 22nd. Susquehanna reduced their price objective on Sunnova Energy International from $25.00 to $20.00 and set a "positive" rating for the company in a research note on Monday, February 26th. Finally, B. Riley decreased their target price on Sunnova Energy International from $25.00 to $21.00 and set a "buy" rating for the company in a research report on Monday, February 5th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sunnova Energy International has a consensus rating of "Moderate Buy" and an average target price of $19.89.

Sunnova Energy International Stock Down 10.6 %

The stock has a market capitalization of $627.87 million, a P/E ratio of -1.45 and a beta of 2.08. 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 fifty day moving average price of $8.05 and a 200 day moving average price of $10.13.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last issued its quarterly earnings data 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%. On average, research analysts forecast that Sunnova Energy International Inc. will post -2.22 earnings per share for the current year.

Insider Activity at Sunnova Energy International

In other news, Director Akbar Mohamed bought 152,450 shares of the stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $6.92 per share, for a total transaction of $1,054,954.00. Following the purchase, the director now directly owns 236,139 shares of the company's stock, valued at approximately $1,634,081.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Paul S. Mathews sold 9,500 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $74,377.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Akbar Mohamed bought 152,450 shares of the company'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 transaction, the director now 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 90 days, insiders sold 23,580 shares of company stock valued at $137,382. Corporate insiders own 4.40% of the company's stock.

Institutional Trading of Sunnova Energy International

A number of hedge funds have recently made changes to their positions in NOVA. Captrust Financial Advisors lifted its stake in Sunnova Energy International by 236.4% during the first quarter. Captrust Financial Advisors now owns 1,487 shares of the company's stock worth $34,000 after purchasing an additional 1,045 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Sunnova Energy International by 2,959.7% during the 4th quarter. Manchester Capital Management LLC now owns 1,897 shares of the company's stock valued at $29,000 after buying an additional 1,835 shares in the last quarter. Quarry LP bought a new stake in Sunnova Energy International in the 1st quarter worth approximately $36,000. Steward Partners Investment Advisory LLC boosted its stake in Sunnova Energy International by 108.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 2,302 shares of the company's stock worth $36,000 after buying an additional 1,200 shares in the last quarter. Finally, US Bancorp DE grew its position in Sunnova Energy International by 168.8% during the first quarter. US Bancorp DE now owns 2,809 shares of the company's stock valued at $65,000 after acquiring an additional 1,764 shares during the last quarter.

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.