Deutsche Bank Aktiengesellschaft Lowers Sunnova Energy International (NYSE:NOVA) Price Target to $6.25

Sunnova Energy International (NYSE:NOVA) had its price objective cut by stock analysts at Deutsche Bank Aktiengesellschaft from $9.00 to $6.25 in a report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 9.08% from the stock’s current price.

NOVA has been the subject of a number of other reports. Wells Fargo & Company boosted their price objective on Sunnova Energy International from $6.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 6th. Guggenheim boosted their price target on shares of Sunnova Energy International from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays decreased their price objective on shares of Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. The Goldman Sachs Group boosted their target price on shares of Sunnova Energy International from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets raised their price target on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company a “market perform” rating in a research note on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.61.

Sunnova Energy International Stock Performance

Shares of NYSE NOVA opened at $5.73 on Friday. The company has a market capitalization of $715.45 million, a PE ratio of -1.71 and a beta of 2.26. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.97 and a current ratio of 0.97. The company’s fifty day moving average price is $8.69 and its 200 day moving average price is $6.89. Sunnova Energy International has a 1 year low of $3.37 and a 1 year high of $16.35.

Sunnova Energy International (NYSE:NOVA) last posted its earnings results on Wednesday, October 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.45). Sunnova Energy International had a negative return on equity of 11.46% and a negative net margin of 51.02%. The firm had revenue of $235.30 million for the quarter, compared to analysts’ expectations of $238.23 million. During the same period in the previous year, the company earned ($0.53) earnings per share. The company’s revenue was up 18.6% compared to the same quarter last year. On average, research analysts predict that Sunnova Energy International will post -1.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider William J. Berger sold 77,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $11.31, for a total value of $870,870.00. Following the completion of the sale, the insider now owns 409,045 shares of the company’s stock, valued at $4,626,298.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Sunnova Energy International

Several large investors have recently modified their holdings of the business. First Trust Direct Indexing L.P. increased its position in shares of Sunnova Energy International by 11.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 19,373 shares of the company’s stock worth $189,000 after purchasing an additional 2,016 shares during the last quarter. PFG Investments LLC purchased a new position in Sunnova Energy International during the third quarter worth about $130,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sunnova Energy International during the third quarter valued at about $260,000. Ballentine Partners LLC raised its stake in shares of Sunnova Energy International by 15.9% in the 3rd quarter. Ballentine Partners LLC now owns 21,515 shares of the company’s stock valued at $210,000 after acquiring an additional 2,956 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Sunnova Energy International by 37,400.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after acquiring an additional 2,992 shares during the last quarter.

About Sunnova Energy International

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.