Trexquant Investment LP Purchases Shares of 454,442 Sunnova Energy International Inc. (NYSE:NOVA)

Trexquant Investment LP bought a new position in shares of Sunnova Energy International Inc. (NYSE:NOVA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 454,442 shares of the company's stock, valued at approximately $6,930,000. Trexquant Investment LP owned 0.37% of Sunnova Energy International at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Sunnova Energy International by 2.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 45,491 shares of the company's stock worth $663,000 after purchasing an additional 1,094 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Sunnova Energy International by 3.6% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 44,397 shares of the company's stock valued at $465,000 after buying an additional 1,528 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Sunnova Energy International by 8.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 20,898 shares of the company's stock valued at $325,000 after buying an additional 1,554 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Sunnova Energy International by 14.0% in the third quarter. Principal Financial Group Inc. now owns 12,893 shares of the company's stock worth $135,000 after buying an additional 1,584 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its position in shares of 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 worth $29,000 after acquiring an additional 1,835 shares during the last quarter.

Sunnova Energy International Stock Performance

NYSE:NOVA traded up $0.31 during trading hours on Wednesday, hitting $4.36. 7,495,532 shares of the company were exchanged, compared to its average volume of 9,070,158. The company has a debt-to-equity ratio of 3.41, a current ratio of 0.74 and a quick ratio of 0.74. Sunnova Energy International Inc. has a 52-week low of $3.37 and a 52-week high of $24.56. The stock has a market capitalization of $539.93 million, a price-to-earnings ratio of -1.27 and a beta of 2.15. The company's 50 day moving average price is $4.59 and its 200-day moving average price is $8.70.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.57) earnings per share for the quarter, beating analysts' consensus estimates of ($0.79) by $0.22. The firm 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 56.52% and a negative return on equity of 12.10%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.70) earnings per share. As a group, research analysts forecast that Sunnova Energy International Inc. will post -1.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on NOVA shares. Susquehanna reduced their price target on shares of Sunnova Energy International from $20.00 to $12.00 and set a "positive" rating on the stock in a report on Friday, April 5th. Janney Montgomery Scott raised Sunnova Energy International from a "neutral" rating to a "buy" rating and set a $12.00 price target for the company in a research note on Friday, March 22nd. Northland Securities reaffirmed a "market perform" rating and issued a $9.00 price objective (down previously from $12.00) on shares of Sunnova Energy International in a research note on Friday, February 23rd. Robert W. Baird lowered their target price on Sunnova Energy International from $14.00 to $12.00 and set an "outperform" rating for the company in a research report on Friday, May 3rd. Finally, 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 on the stock in a research report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.88.

Insider Buying and Selling at Sunnova Energy International

In related 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 value of $50,445.00. Following the transaction, the insider now owns 14,007 shares in the company, valued at approximately $74,377.17. The sale was disclosed in a filing with the SEC, which is available through this link. In related 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 transaction of $50,445.00. Following the completion of the transaction, the insider now directly owns 14,007 shares in the company, valued at $74,377.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Akbar Mohamed purchased 152,450 shares of the business'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 completion of the transaction, the director now directly owns 236,139 shares in the company, 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. 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.