Sunnova Energy International (NYSE:NOVA) Price Target Lowered to $12.00 at Susquehanna

Sunnova Energy International (NYSE:NOVA - Get Free Report) had its price objective decreased by analysts at Susquehanna from $20.00 to $12.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's price target suggests a potential upside of 151.84% from the company's previous close.

A number of other research firms have also recently issued reports on NOVA. Janney Montgomery Scott raised Sunnova Energy International from a "neutral" rating to a "buy" rating and set a $12.00 target price for the company in a research note on Friday, March 22nd. The Goldman Sachs Group dropped their target price on shares of Sunnova Energy International from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, March 21st. Piper Sandler upgraded shares of Sunnova Energy International from a "neutral" rating to an "overweight" rating and upped their price target for the company from $13.00 to $26.00 in a report on Tuesday, December 19th. Morgan Stanley reissued an "equal weight" rating and set a $14.00 price objective (down previously from $24.00) on shares of Sunnova Energy International in a research report on Monday, March 4th. Finally, Evercore ISI cut their price objective on shares of Sunnova Energy International from $29.00 to $26.00 and set an "outperform" rating on the stock in a research report on Friday, February 23rd. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.54.

Sunnova Energy International Trading Down 7.1 %

Sunnova Energy International stock traded down $0.37 during midday trading on Friday, hitting $4.77. 10,429,061 shares of the stock were exchanged, compared to its average volume of 9,269,545. The stock has a market capitalization of $590.10 million, a PE ratio of -1.36 and a beta of 2.08. The company has a fifty day simple moving average of $7.73 and a two-hundred day simple moving average of $10.01. 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 52 week low of $3.80 and a 52 week 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. Sunnova Energy International had a negative net margin of 58.00% and a negative return on equity of 13.26%. The company had revenue of $194.18 million for the quarter, compared to analyst estimates of $226.09 million. Equities research analysts anticipate that Sunnova Energy International will post -2.15 EPS for the current fiscal year.

Insider Transactions at Sunnova Energy International

In other Sunnova Energy International news, insider Jack O. Lynch III sold 12,994 shares of the company's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $6.21, for a total value of $80,692.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Sunnova Energy International news, insider Jack O. Lynch III sold 12,994 shares of Sunnova Energy International stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $6.21, for a total transaction of $80,692.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 in the company, valued at $74,377.17. The disclosure for this sale can be found here. Insiders have sold 23,580 shares of company stock worth $137,382 in the last ninety days. Insiders own 4.20% of the company's stock.

Institutional Trading of Sunnova Energy International

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Sunnova Energy International by 3.8% in the third quarter. Vanguard Group Inc. now owns 10,270,487 shares of the company's stock worth $107,532,000 after purchasing an additional 379,032 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Sunnova Energy International in the 3rd quarter valued at approximately $593,000. Money Concepts Capital Corp lifted its holdings in shares of Sunnova Energy International by 20.3% during the 3rd quarter. Money Concepts Capital Corp now owns 634,117 shares of the company's stock worth $6,639,000 after acquiring an additional 106,819 shares during the period. Quantbot Technologies LP boosted its position in shares of Sunnova Energy International by 21.8% during the 3rd quarter. Quantbot Technologies LP now owns 188,150 shares of the company's stock worth $1,970,000 after acquiring an additional 33,629 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Sunnova Energy International by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 780,177 shares of the company's stock valued at $8,168,000 after acquiring an additional 31,010 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.