Sunnova Energy International (NYSE:NOVA) Shares Up 9.7%

Sunnova Energy International Inc. (NYSE:NOVA - Get Free Report) shares rose 9.7% on Monday . The company traded as high as $4.44 and last traded at $4.42. Approximately 976,404 shares changed hands during trading, a decline of 89% from the average daily volume of 9,087,831 shares. The stock had previously closed at $4.03.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NOVA shares. Evercore ISI decreased their price target on shares of Sunnova Energy International from $26.00 to $17.00 and set an "outperform" rating for the company in a research report on Friday, May 3rd. Janney Montgomery Scott upgraded Sunnova Energy International from a "neutral" rating to a "buy" rating and set a $12.00 price objective for the company in a report on Friday, March 22nd. Truist Financial cut their target price on Sunnova Energy International from $16.00 to $9.00 and set a "buy" rating on the stock in a report on Tuesday, April 30th. Scotiabank decreased their price target on Sunnova Energy International from $20.00 to $10.00 and set a "sector outperform" rating for the company in a research note on Monday, April 29th. Finally, The Goldman Sachs Group decreased their price objective on shares of Sunnova Energy International from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating, seventeen have given 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 a consensus rating of "Moderate Buy" and an average price target of $16.71.

Sunnova Energy International Stock Performance

The company has a market cap of $517.00 million, a PE ratio of -1.24 and a beta of 2.15. The company has a 50-day moving average of $4.78 and a 200-day moving average of $8.94. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 3.41.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.57) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.79) by $0.22. The firm had revenue of $160.90 million for the quarter, compared to the consensus estimate of $193.78 million. Sunnova Energy International had a negative net margin of 56.52% and a negative return on equity of 12.10%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.70) EPS. As a group, analysts anticipate that Sunnova Energy International Inc. will post -1.92 earnings per share for the current year.

Insider Transactions at Sunnova Energy International

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in Sunnova Energy International by 34.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 17,527 shares of the company's stock valued at $184,000 after buying an additional 4,450 shares in the last quarter. Raymond James & Associates boosted its position in shares of Sunnova Energy International by 19.5% in the third quarter. Raymond James & Associates now owns 95,096 shares of the company's stock valued at $996,000 after acquiring an additional 15,503 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Sunnova Energy International by 3.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 66,485 shares of the company's stock valued at $696,000 after acquiring an additional 1,962 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Sunnova Energy International by 37.2% during the 3rd quarter. Mackenzie Financial Corp now owns 115,657 shares of the company's stock worth $1,211,000 after acquiring an additional 31,338 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Sunnova Energy International by 4.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 105,299 shares of the company's stock worth $1,102,000 after purchasing an additional 4,411 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.