Sunnova Energy International (NYSE:NOVA) Cut to “Neutral” at Janney Montgomery Scott

Janney Montgomery Scott lowered shares of Sunnova Energy International (NYSE:NOVA) from a buy rating to a neutral rating in a report published on Tuesday morning, MarketBeat.com reports. Janney Montgomery Scott currently has $1.00 price target on the stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada cut Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a research report on Monday, December 9th. Roth Mkm cut Sunnova Energy International from a “buy” rating to a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. cut Sunnova Energy International from an “overweight” rating to a “neutral” rating in a research report on Monday. Wolfe Research cut Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Capital One Financial cut Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.39.

Sunnova Energy International Trading Down 6.3 %

Shares of NOVA stock opened at $0.52 on Tuesday. Sunnova Energy International has a 12 month low of $0.47 and a 12 month high of $13.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The business’s 50 day moving average is $2.63 and its two-hundred day moving average is $5.45. The company has a market cap of $64.85 million, a PE ratio of -0.15 and a beta of 2.64.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($2.96) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $235.85 million. During the same quarter last year, the business earned $0.37 EPS. Equities analysts predict that Sunnova Energy International will post -2.63 EPS for the current year.

Institutional Trading of Sunnova Energy International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOVA. Creative Planning acquired a new stake in Sunnova Energy International in the third quarter worth about $107,000. International Assets Investment Management LLC increased its position in Sunnova Energy International by 37,400.0% in the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after purchasing an additional 2,992 shares during the period. First Trust Direct Indexing L.P. increased its position in Sunnova Energy International by 11.6% in the third 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 period. GSA Capital Partners LLP increased its position in Sunnova Energy International by 28.4% in the third quarter. GSA Capital Partners LLP now owns 130,741 shares of the company’s stock worth $1,273,000 after purchasing an additional 28,931 shares during the period. Finally, Mizuho Markets Americas LLC increased its position in Sunnova Energy International by 53.7% in the third quarter. Mizuho Markets Americas LLC now owns 282,805 shares of the company’s stock worth $2,755,000 after purchasing an additional 98,800 shares during the period.

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.