Sunnova Energy International Inc. (NYSE:NOVA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sunnova Energy International Inc. (NYSE:NOVAGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $12.45.

Several research analysts recently weighed in on NOVA shares. Guggenheim lifted their price objective on shares of Sunnova Energy International from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Morgan Stanley raised their price objective on Sunnova Energy International from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 21st. Royal Bank of Canada increased their price target on Sunnova Energy International from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. The Goldman Sachs Group lifted their price objective on Sunnova Energy International from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Susquehanna increased their target price on Sunnova Energy International from $12.00 to $14.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd.

Read Our Latest Report on Sunnova Energy International

Sunnova Energy International Price Performance

Sunnova Energy International stock opened at $6.87 on Thursday. The stock has a market cap of $851.76 million, a price-to-earnings ratio of -2.04 and a beta of 2.21. Sunnova Energy International has a 12-month low of $3.37 and a 12-month high of $16.35. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 3.11. The business’s 50-day simple moving average is $9.60 and its 200 day simple moving average is $6.81.

Sunnova Energy International (NYSE:NOVAGet Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.27. Sunnova Energy International had a negative return on equity of 8.85% and a negative net margin of 45.76%. The business had revenue of $219.60 million during the quarter, compared to the consensus estimate of $220.38 million. During the same quarter in the prior year, the company posted ($0.74) earnings per share. The firm’s revenue was up 32.0% on a year-over-year basis. As a group, research analysts anticipate that Sunnova Energy International will post -1.8 earnings per share for the current year.

Insider Transactions at Sunnova Energy International

In related news, insider William J. Berger sold 77,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $11.31, for a total value of $870,870.00. Following the sale, the insider now owns 409,045 shares in the company, valued at approximately $4,626,298.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sunnova Energy International

Several large investors have recently modified their holdings of NOVA. First Affirmative Financial Network grew its stake in Sunnova Energy International by 12.9% in the 2nd quarter. First Affirmative Financial Network now owns 14,829 shares of the company’s stock valued at $83,000 after buying an additional 1,691 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Sunnova Energy International by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 56,487 shares of the company’s stock worth $315,000 after purchasing an additional 3,559 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Sunnova Energy International by 14.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 33,033 shares of the company’s stock worth $202,000 after purchasing an additional 4,200 shares during the last quarter. Sei Investments Co. boosted its stake in Sunnova Energy International by 9.8% in the 2nd quarter. Sei Investments Co. now owns 68,846 shares of the company’s stock valued at $384,000 after purchasing an additional 6,117 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in Sunnova Energy International by 129.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,788 shares of the company’s stock valued at $72,000 after buying an additional 6,661 shares in the last quarter.

Sunnova Energy International Company Profile

(Get 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.

Recommended Stories

Analyst Recommendations for Sunnova Energy International (NYSE:NOVA)

Receive News & Ratings for Sunnova Energy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunnova Energy International and related companies with MarketBeat.com's FREE daily email newsletter.