Sunnova Energy International Inc. (NYSE:NOVA) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in Sunnova Energy International Inc. (NYSE:NOVA - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,270,487 shares of the company's stock after buying an additional 379,032 shares during the period. Vanguard Group Inc. owned 8.39% of Sunnova Energy International worth $107,532,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NOVA. Mariner LLC boosted its stake in Sunnova Energy International by 0.5% during the 4th quarter. Mariner LLC now owns 123,835 shares of the company's stock valued at $2,230,000 after purchasing an additional 587 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Sunnova Energy International by 2.5% during the 4th quarter. Advisors Asset Management Inc. now owns 24,399 shares of the company's stock valued at $439,000 after purchasing an additional 591 shares during the last quarter. Cim Investment Management Inc. boosted its stake in Sunnova Energy International by 3.6% during the 1st quarter. Cim Investment Management Inc. now owns 19,647 shares of the company's stock valued at $307,000 after purchasing an additional 676 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in Sunnova Energy International by 3.4% during the 1st quarter. Ensign Peak Advisors Inc now owns 21,510 shares of the company's stock valued at $496,000 after purchasing an additional 710 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Sunnova Energy International by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,952 shares of the company's stock valued at $750,000 after purchasing an additional 822 shares during the last quarter.

Analysts Set New Price Targets

NOVA has been the topic of several recent analyst reports. 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 research report on Thursday, March 21st. Janney Montgomery Scott raised shares of Sunnova Energy International from a "neutral" rating to a "buy" rating and set a $12.00 target price on the stock in a research report on Friday, March 22nd. Piper Sandler raised shares of Sunnova Energy International from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $13.00 to $26.00 in a research report on Tuesday, December 19th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $14.00 price target (down previously from $24.00) on shares of Sunnova Energy International in a report on Monday, March 4th. Finally, Northland Securities reaffirmed a "market perform" rating and issued a $9.00 price target (down previously from $12.00) on shares of Sunnova Energy International in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Sunnova Energy International currently has an average rating of "Moderate Buy" and a consensus target price of $19.54.

Sunnova Energy International Price Performance

Shares of NOVA traded down $0.37 during mid-day trading on Friday, reaching $4.77. 10,429,061 shares of the stock traded hands, compared to its average volume of 9,269,545. The firm has a fifty day moving average price of $7.73 and a 200 day moving average price of $10.01. The company has a market cap of $590.10 million, a price-to-earnings ratio of -1.39 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 Inc. has a 1 year low of $3.80 and a 1 year high of $24.56.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $226.09 million. As a group, equities research analysts predict that Sunnova Energy International Inc. will post -2.15 earnings per share for the current year.

Insider Buying and Selling

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 shares were sold at an average price of $5.31, for a total value of $50,445.00. Following the completion of the sale, the insider now directly owns 14,007 shares of the company's stock, valued at $74,377.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 on Monday, March 11th. The shares were sold at an average price of $5.31, for a total value of $50,445.00. Following the completion of the sale, the insider now directly owns 14,007 shares of the company's stock, valued at $74,377.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Akbar Mohamed acquired 152,450 shares of the stock in a transaction dated 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 purchase, 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. Over the last ninety days, insiders sold 23,580 shares of company stock worth $137,382. Corporate insiders own 4.20% of the company's stock.

Sunnova Energy International 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.