Federated Hermes Inc. Has $5.12 Million Holdings in Sunnova Energy International Inc. (NYSE:NOVA)

Federated Hermes Inc. lessened its position in Sunnova Energy International Inc. (NYSE:NOVA - Free Report) by 56.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 335,734 shares of the company's stock after selling 439,121 shares during the period. Federated Hermes Inc. owned approximately 0.27% of Sunnova Energy International worth $5,120,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Sunnova Energy International by 158.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,036 shares of the company's stock valued at $74,000 after buying an additional 4,310 shares during the last quarter. NewEdge Wealth LLC purchased a new position in Sunnova Energy International in the third quarter worth $125,000. Principal Financial Group Inc. grew its stake in Sunnova Energy International by 14.0% in the 3rd quarter. Principal Financial Group Inc. now owns 12,893 shares of the company's stock valued at $135,000 after purchasing an additional 1,584 shares during the period. Versor Investments LP bought a new position in Sunnova Energy International in the 3rd quarter valued at $158,000. Finally, Ballentine Partners LLC bought a new position in Sunnova Energy International in the 4th quarter valued at $161,000.

Insiders Place Their Bets

In other Sunnova Energy International news, insider Paul S. Mathews sold 9,500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $5.31, for a total transaction 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 approximately $74,377.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Sunnova Energy International news, insider Paul S. Mathews sold 9,500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $5.31, for a total transaction 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 approximately $74,377.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Akbar Mohamed bought 152,450 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired 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. In the last 90 days, insiders have sold 23,580 shares of company stock worth $137,382. Company insiders own 4.50% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group dropped their price objective on Sunnova Energy International from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, April 11th. Truist Financial restated a "buy" rating and issued a $16.00 target price (down from $18.00) on shares of Sunnova Energy International in a research note on Monday, February 26th. Susquehanna decreased their target price on 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. Mizuho reduced their price objective on Sunnova Energy International from $21.00 to $17.00 and set a "buy" rating on the stock in a research report on Friday, April 19th. Finally, B. Riley reduced their price target on Sunnova Energy International from $21.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $18.48.

Sunnova Energy International Stock Performance

NYSE NOVA traded up $0.32 on Friday, hitting $4.00. 7,439,699 shares of the company traded hands, compared to its average volume of 9,064,449. The business's 50 day moving average price is $5.63 and its 200-day moving average price is $9.32. Sunnova Energy International Inc. has a 52-week low of $3.52 and a 52-week high of $24.56. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 3.58. The company has a market capitalization of $495.36 million, a price-to-earnings ratio of -1.14 and a beta of 2.08.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported ($0.20) EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $226.09 million. Equities analysts expect that Sunnova Energy International Inc. will post -2.37 earnings per share for the current year.

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.