Sunnova Energy International (NYSE:NOVA) Price Target Lowered to $17.00 at Mizuho

Sunnova Energy International (NYSE:NOVA) had its price target cut by Mizuho from $21.00 to $17.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Morgan Stanley reissued an equal weight rating and issued a $14.00 price target (down from $24.00) on shares of Sunnova Energy International in a report on Monday, March 4th. Truist Financial reissued a buy rating and issued a $16.00 price target (down from $18.00) on shares of Sunnova Energy International in a report on Monday, February 26th. Janney Montgomery Scott upgraded Sunnova Energy International from a neutral rating to a buy rating and set a $12.00 target price for the company in a research note on Friday, March 22nd. The Goldman Sachs Group dropped their target price on Sunnova Energy International from $14.00 to $12.00 and set a buy rating for the company in a research note on Thursday, April 11th. Finally, Susquehanna dropped their target price on Sunnova Energy International from $20.00 to $12.00 and set a positive rating for the company in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Sunnova Energy International currently has a consensus rating of Moderate Buy and an average price target of $18.73.

Sunnova Energy International Price Performance

NYSE NOVA opened at $3.81 on Friday. Sunnova Energy International has a fifty-two week low of $3.52 and a fifty-two week high of $24.56. The business has a fifty day moving average of $6.40 and a 200-day moving average of $9.51. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.85 and a quick ratio of 0.85.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $226.09 million. Equities research analysts predict that Sunnova Energy International will post -2.28 earnings per share for the current year.

Insider Transactions at Sunnova Energy International

In related news, Director Akbar Mohamed bought 152,450 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $6.92 per share, with a total value of $1,054,954.00. Following the completion of the transaction, the director now directly owns 236,139 shares of the company’s stock, valued at $1,634,081.88. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Paul S. Mathews sold 9,500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was 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 $74,377.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Akbar Mohamed purchased 152,450 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $6.92 per share, for a total transaction of $1,054,954.00. Following 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. Insiders sold 23,580 shares of company stock valued at $137,382 over the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Sunnova Energy International

Several institutional investors and hedge funds have recently bought and sold shares of NOVA. Manchester Capital Management LLC raised its stake in 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 valued at $29,000 after buying an additional 1,835 shares in the last quarter. Captrust Financial Advisors raised its stake in Sunnova Energy International by 236.4% during the first quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock valued at $34,000 after buying an additional 1,045 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Sunnova Energy International by 108.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 2,302 shares of the company’s stock valued at $36,000 after buying an additional 1,200 shares in the last quarter. Quarry LP acquired a new stake in Sunnova Energy International during the first quarter valued at approximately $36,000. Finally, KBC Group NV acquired a new stake in Sunnova Energy International during the fourth quarter valued at approximately $51,000.

Sunnova Energy International Company 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.