Sunnova Energy International (NYSE:NOVA) Downgraded by Capital One Financial to Equal Weight

Capital One Financial downgraded shares of Sunnova Energy International (NYSE:NOVA) from an overweight rating to an equal weight rating in a report released on Monday, Marketbeat.com reports.

NOVA has been the subject of a number of other research reports. Royal Bank of Canada lowered Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a research note on Monday, December 9th. TD Cowen assumed coverage on Sunnova Energy International in a research note on Thursday, December 19th. They issued a “hold” rating and a $5.00 price target for the company. Jefferies Financial Group lowered shares of Sunnova Energy International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $9.00 to $2.00 in a research report on Friday, February 7th. Piper Sandler reduced their target price on Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Sunnova Energy International from $14.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.72.

Sunnova Energy International Trading Down 64.0 %

Shares of NOVA stock opened at $0.60 on Monday. Sunnova Energy International has a 1 year low of $0.48 and a 1 year high of $13.00. The firm has a fifty day moving average price of $2.82 and a 200-day moving average price of $5.58. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $74.77 million, a price-to-earnings ratio of -0.18 and a beta of 2.28.

Institutional Investors Weigh In On Sunnova Energy International

Large investors have recently added to or reduced their stakes in the business. Erste Asset Management GmbH acquired a new stake in shares of Sunnova Energy International during the 3rd quarter worth about $76,550,000. Sylebra Capital LLC boosted its position in Sunnova Energy International by 125.6% during the third quarter. Sylebra Capital LLC now owns 12,443,048 shares of the company’s stock worth $121,195,000 after acquiring an additional 6,926,399 shares during the last quarter. CenterBook Partners LP acquired a new stake in Sunnova Energy International during the fourth quarter worth approximately $8,565,000. Invesco Ltd. boosted its position in Sunnova Energy International by 55.2% during the fourth quarter. Invesco Ltd. now owns 6,082,399 shares of the company’s stock worth $20,863,000 after acquiring an additional 2,162,379 shares during the last quarter. Finally, Capital Fund Management S.A. boosted its position in Sunnova Energy International by 456.4% during the fourth quarter. Capital Fund Management S.A. now owns 1,737,569 shares of the company’s stock worth $5,960,000 after acquiring an additional 1,425,281 shares during the last quarter.

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.