Sunnova Energy International (NYSE:NOVA) PT Raised to $13.00

Sunnova Energy International (NYSE:NOVA) had its price target upped by The Goldman Sachs Group from $10.00 to $13.00 in a report published on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. B. Riley dropped their price objective on Sunnova Energy International from $21.00 to $15.00 and set a buy rating for the company in a report on Monday, April 22nd. KeyCorp lowered shares of Sunnova Energy International from an overweight rating to a sector weight rating in a report on Tuesday, April 23rd. Wells Fargo & Company reissued an equal weight rating and set a $6.00 target price (down previously from $11.00) on shares of Sunnova Energy International in a research report on Friday, April 19th. Truist Financial lifted their price objective on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company a buy rating in a research note on Monday, July 29th. Finally, Robert W. Baird raised their price objective on Sunnova Energy International from $12.00 to $14.00 and gave the company an outperform rating in a research note on Friday. Eight 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 data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $14.72.

Sunnova Energy International Stock Down 2.9 %

NOVA traded down $0.23 during trading on Friday, reaching $7.76. The company had a trading volume of 3,511,458 shares, compared to its average volume of 8,468,901. The company has a market cap of $962.10 million, a P/E ratio of -2.32 and a beta of 2.19. Sunnova Energy International has a 12 month low of $3.37 and a 12 month high of $16.78. The business’s fifty day moving average price is $6.13 and its 200 day moving average price is $6.40. The company has a debt-to-equity ratio of 3.41, a current ratio of 0.74 and a quick ratio of 0.74.

Sunnova Energy International (NYSE:NOVA) last released its earnings results on Wednesday, July 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.27. The business had revenue of $219.60 million for the quarter, compared to analyst estimates of $220.38 million. Sunnova Energy International had a negative return on equity of 9.28% and a negative net margin of 45.76%. Sunnova Energy International’s revenue was up 32.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.74) earnings per share. Equities analysts anticipate that Sunnova Energy International will post -1.89 EPS for the current year.

Insiders Place Their Bets

In other Sunnova Energy International news, insider William J. Berger 48,413 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal 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

A number of large investors have recently bought and sold shares of NOVA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Sunnova Energy International by 56.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,142,487 shares of the company’s stock valued at $78,915,000 after buying an additional 5,118,552 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Sunnova Energy International by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 10,568,045 shares of the company’s stock valued at $64,782,000 after purchasing an additional 81,653 shares during the last quarter. Van ECK Associates Corp increased its stake in Sunnova Energy International by 124.4% during the 4th quarter. Van ECK Associates Corp now owns 1,563,320 shares of the company’s stock valued at $23,841,000 after purchasing an additional 866,705 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Sunnova Energy International by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 842,130 shares of the company’s stock worth $12,842,000 after buying an additional 61,953 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in shares of Sunnova Energy International by 3,168.8% during the first quarter. Westwood Holdings Group Inc. now owns 574,127 shares of the company’s stock worth $3,519,000 after buying an additional 556,563 shares during the period.

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.