Sunnova Energy International (NYSE:NOVA) Stock Price Down 6.2%

Sunnova Energy International Inc. (NYSE:NOVA - Get Free Report)'s share price was down 6.2% during trading on Monday . The company traded as low as $5.74 and last traded at $5.75. Approximately 2,415,487 shares traded hands during trading, a decline of 74% from the average daily volume of 9,188,290 shares. The stock had previously closed at $6.13.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NOVA shares. Susquehanna dropped their price target on Sunnova Energy International from $25.00 to $20.00 and set a "positive" rating on the stock in a report on Monday, February 26th. Truist Financial reiterated a "buy" rating and set a $16.00 price target (down from $18.00) on shares of Sunnova Energy International in a report on Monday, February 26th. Mizuho dropped their price target on 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 price target on Sunnova Energy International from $25.00 to $21.00 and set a "buy" rating on the stock in a report on Monday, February 5th. Finally, The Goldman Sachs Group dropped their price target on Sunnova Energy International from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.89.

Sunnova Energy International Trading Down 7.6 %

The firm has a fifty day simple moving average of $8.15 and a two-hundred day simple moving average of $10.19. The stock has a market cap of $701.55 million, a PE ratio of -1.62 and a beta of 2.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 3.58.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.04. The firm had revenue of $194.18 million for the quarter, compared to analyst estimates of $226.09 million. Sunnova Energy International had a negative return on equity of 13.26% and a negative net margin of 58.00%. As a group, equities analysts expect that Sunnova Energy International Inc. will post -2.22 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Akbar Mohamed acquired 152,450 shares of Sunnova Energy International stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $6.92 per share, for a total transaction of $1,054,954.00. Following the transaction, the director now owns 236,139 shares of the company's stock, valued at $1,634,081.88. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 stock was sold at an average price of $6.21, for a total value of $80,692.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Akbar Mohamed acquired 152,450 shares of the 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 purchase, the director now directly 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. In the last three months, insiders have sold 23,580 shares of company stock worth $137,382. 4.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NOVA. Manchester Capital Management LLC raised its stake in Sunnova Energy International by 2,959.7% during the fourth 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 during the last quarter. Captrust Financial Advisors increased its holdings in shares of Sunnova Energy International by 236.4% in the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company's stock worth $34,000 after purchasing an additional 1,045 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Sunnova Energy International by 108.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,302 shares of the company's stock worth $36,000 after purchasing an additional 1,200 shares in the last quarter. Quarry LP bought a new stake in shares of Sunnova Energy International in the 1st quarter worth $36,000. Finally, KBC Group NV bought a new stake in shares of Sunnova Energy International in the 4th quarter worth $51,000.

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.