Sunnova Energy International (NYSE:NOVA) PT Lowered to $12.00 at The Goldman Sachs Group

Sunnova Energy International (NYSE:NOVA - Free Report) had its price objective lowered by The Goldman Sachs Group from $14.00 to $12.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently commented on NOVA. Mizuho cut 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 report on Tuesday, February 27th. B. Riley dropped their target price on shares of Sunnova Energy International from $25.00 to $21.00 and set a buy rating on the stock in a report on Monday, February 5th. Piper Sandler upgraded shares of Sunnova Energy International from a neutral rating to an overweight rating and increased their target price for the stock from $13.00 to $26.00 in a report on Tuesday, December 19th. Northland Securities reiterated a market perform rating and set a $9.00 target price (down from $12.00) on shares of Sunnova Energy International in a report on Friday, February 23rd. Finally, Susquehanna dropped their target price 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. Five equities research 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. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $19.46.

Sunnova Energy International Trading Down 7.6 %

Shares of NYSE NOVA traded down $0.37 during mid-day trading on Thursday, reaching $4.46. The company had a trading volume of 8,719,997 shares, compared to its average volume of 9,287,996. The business's 50-day moving average is $7.27 and its 200-day moving average is $9.82. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 3.58. The stock has a market cap of $551.71 million, a price-to-earnings ratio of -1.31 and a beta of 2.08. 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 quarterly earnings results on Wednesday, February 21st. The company reported ($0.20) EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.04. The firm had revenue of $194.18 million for the quarter, compared to analysts' expectations of $226.09 million. Sunnova Energy International had a negative net margin of 58.00% and a negative return on equity of 13.26%. Equities analysts expect that Sunnova Energy International will post -2.01 earnings per share for the current year.

Insider Activity at Sunnova Energy International

In related news, Director Akbar Mohamed acquired 152,450 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased 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 approximately $1,634,081.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sunnova Energy International news, insider Jack O. Lynch III sold 12,994 shares of the firm's stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Akbar Mohamed purchased 152,450 shares of Sunnova Energy International stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $6.92 per share, with a total value of $1,054,954.00. Following the completion of the transaction, the director now directly owns 236,139 shares in the company, valued at approximately $1,634,081.88. The disclosure for this purchase can be found here. Insiders sold 23,580 shares of company stock valued at $137,382 in the last three months. 4.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Sunnova Energy International

Institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its holdings in shares of Sunnova Energy International by 236.4% during 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 in the last quarter. Manchester Capital Management LLC increased 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 purchasing an additional 1,835 shares in the last quarter. Quarry LP purchased a new position in shares of Sunnova Energy International during the 1st quarter valued at approximately $36,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Sunnova Energy International by 108.9% during 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 in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Sunnova Energy International by 168.8% during the 1st quarter. US Bancorp DE now owns 2,809 shares of the company's stock valued at $65,000 after purchasing an additional 1,764 shares in 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.