Sunnova Energy International (NYSE:NOVA) PT Lowered to $6.00 at BMO Capital Markets

Sunnova Energy International (NYSE:NOVA - Get Free Report) had its price target decreased by stock analysts at BMO Capital Markets from $10.00 to $6.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "market perform" rating on the stock. BMO Capital Markets' price target indicates a potential upside of 25.39% from the company's current price.

NOVA has been the topic of several other research reports. The Goldman Sachs Group cut their target price on Sunnova Energy International from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, April 11th. Morgan Stanley restated an "equal weight" rating and issued a $14.00 target price (down previously from $24.00) on shares of Sunnova Energy International in a report on Monday, March 4th. Wells Fargo & Company restated an "equal weight" rating and set a $6.00 price objective (down previously from $11.00) on shares of Sunnova Energy International in a report on Friday, April 19th. Robert W. Baird lowered their target price on shares of Sunnova Energy International from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Susquehanna reduced their price target on shares of Sunnova Energy International from $20.00 to $12.00 and set a "positive" rating on the stock in a research note on Friday, April 5th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Sunnova Energy International has an average rating of "Moderate Buy" and an average target price of $16.71.

Sunnova Energy International Stock Performance

Shares of NOVA stock traded up $0.37 during mid-day trading on Friday, reaching $4.79. 15,120,959 shares of the company's stock traded hands, compared to its average volume of 9,410,099. Sunnova Energy International has a 12 month low of $3.37 and a 12 month high of $24.56. The firm has a 50 day moving average price of $5.11 and a two-hundred day moving average price of $9.15. The firm has a market capitalization of $592.57 million, a PE ratio of -1.43 and a beta of 2.15. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.85 and a current ratio of 0.85.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($0.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.79) by $0.22. The company had revenue of $160.90 million during the quarter, compared to analyst estimates of $193.78 million. Sunnova Energy International had a negative net margin of 56.52% and a negative return on equity of 12.35%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.70) EPS. On average, research analysts forecast that Sunnova Energy International will post -2.39 EPS for the current year.

Insider Transactions at Sunnova Energy International

In other news, Director Akbar Mohamed purchased 152,450 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sunnova Energy International news, Director Akbar Mohamed bought 152,450 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $6.92 per share, for a total transaction of $1,054,954.00. Following the completion of the purchase, the director now owns 236,139 shares of the company's stock, valued at $1,634,081.88. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul S. Mathews sold 9,500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $5.31, for a total value of $50,445.00. Following the completion of the transaction, the insider now owns 14,007 shares of the company's stock, valued at approximately $74,377.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,580 shares of company stock valued at $137,382. Corporate insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Sunnova Energy International

Several institutional investors have recently modified their holdings of NOVA. GSA Capital Partners LLP increased its position in Sunnova Energy International by 100.5% during the first quarter. GSA Capital Partners LLP now owns 109,710 shares of the company's stock worth $673,000 after purchasing an additional 55,000 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Sunnova Energy International by 129.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,788 shares of the company's stock worth $72,000 after purchasing an additional 6,661 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Sunnova Energy International by 7.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,766 shares of the company's stock valued at $630,000 after buying an additional 6,751 shares during the period. Busey Bank acquired a new stake in shares of Sunnova Energy International during the 1st quarter worth approximately $250,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Sunnova Energy International during the 1st quarter worth $25,000.

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.

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