IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 205,805 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 86.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,398 shares of the company’s stock after selling 205,805 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Sunnova Energy International were worth $108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Peapack Gladstone Financial Corp lifted its position in Sunnova Energy International by 11.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 32,200 shares of the company’s stock worth $314,000 after buying an additional 3,200 shares during the last quarter. PFG Investments LLC lifted its holdings in shares of Sunnova Energy International by 37.0% in the 4th quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock worth $63,000 after acquiring an additional 4,955 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Sunnova Energy International by 5.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,796 shares of the company’s stock valued at $421,000 after purchasing an additional 6,757 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Sunnova Energy International by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 908,997 shares of the company’s stock valued at $3,118,000 after purchasing an additional 7,564 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in Sunnova Energy International in the 4th quarter worth $35,000.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Susquehanna lowered shares of Sunnova Energy International from a “positive” rating to a “neutral” rating and cut their price target for the company from $14.00 to $4.50 in a research report on Friday, January 10th. Truist Financial lowered Sunnova Energy International from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Citigroup downgraded Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 13th. Janney Montgomery Scott cut shares of Sunnova Energy International from a “buy” rating to a “neutral” rating and set a $1.00 target price on the stock. in a report on Tuesday, March 4th. Finally, UBS Group lowered shares of Sunnova Energy International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $5.00 to $0.65 in a report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.39.

Sunnova Energy International Price Performance

Shares of NYSE NOVA opened at $0.31 on Friday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day simple moving average of $1.59 and a two-hundred day simple moving average of $4.31. Sunnova Energy International Inc. has a fifty-two week low of $0.25 and a fifty-two week high of $13.00. The company has a market capitalization of $39.28 million, a price-to-earnings ratio of -0.09 and a beta of 2.64.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company had revenue of $224.13 million for the quarter, compared to analysts’ expectations of $235.85 million. During the same quarter in the previous year, the firm posted $0.37 EPS. Analysts expect that Sunnova Energy International Inc. will post -2.63 EPS for the current fiscal year.

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.