Sunnova Energy International Inc. (NYSE:NOVA) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 37,400.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the company’s stock after purchasing an additional 2,992 shares during the quarter. International Assets Investment Management LLC’s holdings in Sunnova Energy International were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew 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 worth $78,915,000 after acquiring an additional 5,118,552 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Sunnova Energy International by 0.8% during the first quarter. Vanguard Group Inc. now owns 10,568,045 shares of the company’s stock worth $64,782,000 after acquiring an additional 81,653 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Sunnova Energy International by 9.1% during the third quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company’s stock worth $71,097,000 after acquiring an additional 611,452 shares during the last quarter. Sylebra Capital LLC purchased a new position in shares of Sunnova Energy International during the second quarter worth approximately $30,783,000. Finally, Electron Capital Partners LLC grew its position in shares of Sunnova Energy International by 24.5% during the second quarter. Electron Capital Partners LLC now owns 3,004,938 shares of the company’s stock worth $16,768,000 after acquiring an additional 591,514 shares during the last quarter.

Insider Transactions at Sunnova Energy International

In other news, insider William J. Berger sold 77,000 shares of Sunnova Energy International stock in a transaction on 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 transaction, the insider now owns 409,045 shares of the company’s stock, valued at $4,626,298.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NOVA shares. Royal Bank of Canada raised their target price on shares of Sunnova Energy International from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Piper Sandler lifted their price objective on shares of Sunnova Energy International from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Susquehanna lifted their price objective on shares of Sunnova Energy International from $12.00 to $14.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Robert W. Baird lowered their price objective on shares of Sunnova Energy International from $18.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Sunnova Energy International from $6.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 6th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Sunnova Energy International currently has an average rating of “Moderate Buy” and a consensus price target of $11.61.

Sunnova Energy International Stock Down 51.6 %

Shares of NYSE NOVA opened at $3.42 on Thursday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. Sunnova Energy International Inc. has a one year low of $3.25 and a one year high of $16.35. The company’s fifty day moving average is $8.51 and its two-hundred day moving average is $6.95.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.45). The firm had revenue of $235.30 million for the quarter, compared to analyst estimates of $238.23 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.53) EPS. As a group, equities analysts forecast that Sunnova Energy International Inc. will post -2.27 EPS for the current 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.