Sunnova Energy International (NYSE:NOVA) Shares Gap Down to $5.48

Shares of Sunnova Energy International Inc. (NYSE:NOVA) gapped down before the market opened on Thursday . The stock had previously closed at $5.48, but opened at $5.35. Sunnova Energy International shares last traded at $5.22, with a volume of 220,766 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NOVA shares. Mizuho decreased their price objective on Sunnova Energy International from $21.00 to $17.00 and set a “buy” rating for the company in a report on Friday, April 19th. BMO Capital Markets cut their price objective on shares of Sunnova Energy International from $10.00 to $6.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd. Janney Montgomery Scott upgraded shares of Sunnova Energy International from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, March 22nd. The Goldman Sachs Group cut their price objective on shares of Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, Northland Securities reiterated a “market perform” rating and issued a $9.00 price target (down from $12.00) on shares of Sunnova Energy International in a research report on Friday, February 23rd. Eight research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.73.

Sunnova Energy International Trading Up 5.8 %

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 3.41. The firm’s 50 day moving average is $4.60 and its two-hundred day moving average is $7.87.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.79) by $0.22. Sunnova Energy International had a negative net margin of 56.52% and a negative return on equity of 12.10%. The company had revenue of $160.90 million for the quarter, compared to analysts’ expectations of $193.78 million. During the same quarter in the previous year, the firm posted ($0.70) earnings per share. Sunnova Energy International’s revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts predict that Sunnova Energy International Inc. will post -2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunnova Energy International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Sunnova Energy International during the first quarter valued at about $25,000. Manchester Capital Management LLC raised its holdings in shares of Sunnova Energy International by 2,959.7% in the 4th quarter. Manchester Capital Management LLC now owns 1,897 shares of the company’s stock worth $29,000 after acquiring an additional 1,835 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of Sunnova Energy International in the 1st quarter worth about $62,000. First Trust Direct Indexing L.P. acquired a new stake in shares of Sunnova Energy International in the 1st quarter worth about $66,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of 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 worth $72,000 after acquiring an additional 6,661 shares during the last quarter.

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.