Handelsbanken Fonder AB Has $76.81 Million Stock Holdings in Sunnova Energy International Inc. (NYSE:NOVA)

Handelsbanken Fonder AB lessened its stake in Sunnova Energy International Inc. (NYSE:NOVA - Free Report) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,036,780 shares of the company's stock after selling 473,006 shares during the period. Handelsbanken Fonder AB owned 4.11% of Sunnova Energy International worth $76,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOVA. DekaBank Deutsche Girozentrale boosted its holdings in Sunnova Energy International by 8.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 20,898 shares of the company's stock worth $325,000 after acquiring an additional 1,554 shares in the last quarter. Ballentine Partners LLC acquired a new position in Sunnova Energy International in the fourth quarter valued at approximately $161,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Sunnova Energy International by 53.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 101,823 shares of the company's stock valued at $1,553,000 after acquiring an additional 35,338 shares during the period. First Affirmative Financial Network acquired a new position in Sunnova Energy International in the fourth quarter valued at approximately $173,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in Sunnova Energy International by 12.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 25,767 shares of the company's stock valued at $393,000 after acquiring an additional 2,909 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently commented on NOVA shares. Susquehanna cut their price objective on Sunnova Energy International from $20.00 to $12.00 and set a "positive" rating for the company in a research report on Friday, April 5th. Janney Montgomery Scott upgraded Sunnova Energy International from a "neutral" rating to a "buy" rating and set a $12.00 price target for the company in a research report on Friday, March 22nd. The Goldman Sachs Group dropped their price target on 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. Wells Fargo & Company reiterated an "equal weight" rating and set a $6.00 price target (down from $11.00) on shares of Sunnova Energy International in a research report on Friday. Finally, 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 research report on Monday, February 26th. Six 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 stock. Based on data from MarketBeat.com, Sunnova Energy International presently has a consensus rating of "Moderate Buy" and an average price target of $18.73.

Sunnova Energy International Stock Up 0.5 %

NYSE NOVA traded up $0.02 during trading hours on Friday, hitting $3.80. 10,243,842 shares of the company were exchanged, compared to its average volume of 9,735,043. The company has a 50 day moving average of $6.40 and a two-hundred day moving average of $9.51. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 3.58. Sunnova Energy International Inc. has a 52-week low of $3.52 and a 52-week high of $24.56. The firm has a market cap of $470.59 million, a price-to-earnings ratio of -1.09 and a beta of 2.08.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. Sunnova Energy International had a negative return on equity of 13.26% and a negative net margin of 58.00%. The company had revenue of $194.18 million for the quarter, compared to the consensus estimate of $226.09 million. Equities research analysts anticipate that Sunnova Energy International Inc. will post -2.28 earnings per share for the current year.

Insider Activity

In other news, insider Jack O. Lynch III sold 12,994 shares of the stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. In related news, insider Paul S. Mathews sold 9,500 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $5.31, for a total transaction of $50,445.00. Following the transaction, the insider now owns 14,007 shares in the company, valued at approximately $74,377.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,580 shares of company stock worth $137,382. 4.50% of the stock is currently owned by insiders.

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.