Sunnova Energy International (NOVA) Scheduled to Post Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Sunnova Energy International to post earnings of ($0.47) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Sunnova Energy International (NYSE:NOVA) last posted its earnings results on Wednesday, July 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.27. The firm had revenue of $219.60 million during the quarter, compared to the consensus estimate of $220.38 million. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 8.85%. The company’s revenue was up 32.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.74) EPS. On average, analysts expect Sunnova Energy International to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Sunnova Energy International Stock Down 0.2 %

NOVA opened at $5.21 on Wednesday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.97 and a current ratio of 0.97. Sunnova Energy International has a 1 year low of $3.37 and a 1 year high of $16.35. The firm has a 50 day moving average price of $9.33 and a 200 day moving average price of $6.85. The company has a market cap of $645.95 million, a PE ratio of -1.55 and a beta of 2.21.

Insider Buying and Selling

In other Sunnova Energy International news, insider William J. Berger sold 77,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $11.31, for a total transaction of $870,870.00. Following the completion of the sale, the insider now directly owns 409,045 shares in the company, valued at approximately $4,626,298.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

NOVA has been the subject of several research analyst reports. Scotiabank increased their target price on Sunnova Energy International from $10.00 to $14.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 6th. Robert W. Baird increased their target price on Sunnova Energy International from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Wells Fargo & Company raised their price objective on Sunnova Energy International from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. The Goldman Sachs Group raised their price objective on 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 objective on Sunnova Energy International from $9.00 to $10.00 and gave the stock a “market perform” rating in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Sunnova Energy International currently has a consensus rating of “Moderate Buy” and an average price target of $12.11.

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.