Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Sunnova Energy International Inc. (NYSE:NOVA - Free Report) by 91.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,355 shares of the company's stock after selling 446,070 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Sunnova Energy International were worth $600,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in NOVA. Vanguard Group Inc. boosted its holdings in Sunnova Energy International by 3.8% during the third quarter. Vanguard Group Inc. now owns 10,270,487 shares of the company's stock worth $107,532,000 after buying an additional 379,032 shares in the last quarter. Electron Capital Partners LLC boosted its holdings in Sunnova Energy International by 42.9% during the third quarter. Electron Capital Partners LLC now owns 5,308,684 shares of the company's stock worth $55,582,000 after buying an additional 1,593,098 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Sunnova Energy International by 57.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,324,957 shares of the company's stock worth $13,872,000 after buying an additional 484,150 shares in the last quarter. Guinness Asset Management LTD boosted its holdings in Sunnova Energy International by 5.9% during the third quarter. Guinness Asset Management LTD now owns 1,240,355 shares of the company's stock worth $12,981,000 after buying an additional 69,539 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Sunnova Energy International by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 780,177 shares of the company's stock valued at $8,168,000 after acquiring an additional 31,010 shares in the last quarter.
Sunnova Energy International Stock Performance
NYSE:NOVA traded up $0.79 during midday trading on Thursday, reaching $4.32. The stock had a trading volume of 18,945,963 shares, compared to its average volume of 9,342,835. Sunnova Energy International Inc. has a 1-year low of $3.37 and a 1-year high of $24.56. The firm's fifty day simple moving average is $5.19 and its 200-day simple moving average is $9.19. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $534.99 million, a P/E ratio of -1.26 and a beta of 2.15.
Sunnova Energy International (NYSE:NOVA - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported ($0.57) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.79) by $0.22. The business had revenue of $160.90 million for the quarter, compared to analyst estimates of $193.78 million. Sunnova Energy International had a negative net margin of 58.00% and a negative return on equity of 13.26%. Sunnova Energy International's revenue was down .5% compared to the same quarter last year. During the same period last year, the business posted ($0.70) EPS. On average, equities research analysts forecast that Sunnova Energy International Inc. will post -2.39 EPS for the current fiscal year.
Insiders Place Their Bets
In other Sunnova Energy International news, insider Paul S. Mathews sold 9,500 shares of the firm'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 sale, the insider now directly 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 accessible through the SEC website. In related news, Director Akbar Mohamed purchased 152,450 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $6.92 per share, for a total transaction of $1,054,954.00. Following the transaction, the director now directly owns 236,139 shares of the company's stock, valued at approximately $1,634,081.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul S. Mathews sold 9,500 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 14,007 shares in the company, valued at $74,377.17. The disclosure for this sale can be found here. Insiders have sold 23,580 shares of company stock worth $137,382 in the last ninety days. Insiders own 4.50% of the company's stock.
Analysts Set New Price Targets
NOVA has been the subject of several research analyst reports. Northland Securities restated a "market perform" rating and issued a $9.00 price target (down previously from $12.00) on shares of Sunnova Energy International in a research report on Friday, February 23rd. B. Riley reduced their price target on shares of Sunnova Energy International from $21.00 to $15.00 and set a "buy" rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company restated an "equal weight" rating and issued a $6.00 price target (down previously from $11.00) on shares of Sunnova Energy International in a research report on Friday, April 19th. The Goldman Sachs Group reduced their price target 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. Finally, Scotiabank reduced their price target on shares of Sunnova Energy International from $20.00 to $10.00 and set a "sector outperform" rating for the company in a research report on Monday. Seven 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $17.86.
Get Our Latest Research Report on Sunnova Energy International
Sunnova Energy International Profile
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Free Report)
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.
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