Creative Planning Invests $107,000 in Sunnova Energy International Inc. (NYSE:NOVA)

Creative Planning bought a new stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,007 shares of the company’s stock, valued at approximately $107,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Sunnova Energy International by 7.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,766 shares of the company’s stock valued at $630,000 after buying an additional 6,751 shares during the period. SG Americas Securities LLC increased its position in Sunnova Energy International by 43.6% during the first quarter. SG Americas Securities LLC now owns 35,168 shares of the company’s stock worth $216,000 after buying an additional 10,682 shares during the last quarter. Headlands Technologies LLC lifted its position in Sunnova Energy International by 110.7% during the first quarter. Headlands Technologies LLC now owns 21,725 shares of the company’s stock worth $133,000 after acquiring an additional 11,413 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Sunnova Energy International by 14.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 33,033 shares of the company’s stock valued at $202,000 after buying an additional 4,200 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Sunnova Energy International by 0.8% during the 1st 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 period.

Sunnova Energy International Trading Down 3.0 %

NYSE:NOVA opened at $3.39 on Wednesday. The firm has a fifty day simple moving average of $7.91 and a 200-day simple moving average of $6.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. The company has a market capitalization of $422.96 million, a P/E ratio of -0.95 and a beta of 2.26. Sunnova Energy International Inc. has a 12 month low of $2.99 and a 12 month high of $16.35.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.45). The company 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%. Sunnova Energy International’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.53) earnings per share. On average, equities research analysts anticipate that Sunnova Energy International Inc. will post -2.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on NOVA. Piper Sandler upped their price target 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. The Goldman Sachs Group boosted their price objective on Sunnova Energy International from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Robert W. Baird cut their price objective on Sunnova Energy International from $18.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, Barclays lowered their price target on shares of Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $11.23.

Insider Transactions at Sunnova Energy International

In other news, insider William J. Berger sold 77,000 shares of the company’s stock in a transaction that occurred 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 directly owns 409,045 shares of the company’s stock, valued at $4,626,298.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.50% of the company’s stock.

Sunnova Energy International 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.