Sunnova Energy International (NYSE:NOVA) Downgraded by JPMorgan Chase & Co. to “Neutral”

JPMorgan Chase & Co. lowered shares of Sunnova Energy International (NYSE:NOVA) from an overweight rating to a neutral rating in a report released on Monday, MarketBeat.com reports.

NOVA has been the topic of a number of other reports. Robert W. Baird reiterated a “neutral” rating and set a $2.00 price target (down from $9.00) on shares of Sunnova Energy International in a research report on Monday. Capital One Financial cut Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a research note on Monday. Susquehanna downgraded shares of Sunnova Energy International from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $14.00 to $4.50 in a research report on Friday, January 10th. The Goldman Sachs Group decreased their target price on Sunnova Energy International from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Finally, Morgan Stanley lowered their price target on shares of Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Sunnova Energy International has an average rating of “Hold” and a consensus target price of $8.72.

Sunnova Energy International Price Performance

NOVA stock opened at $0.60 on Monday. The firm has a 50 day simple moving average of $2.82 and a two-hundred day simple moving average of $5.58. The stock has a market cap of $74.77 million, a PE ratio of -0.18 and a beta of 2.28. Sunnova Energy International has a one year low of $0.48 and a one year high of $13.00. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86.

Institutional Trading of Sunnova Energy International

A number of institutional investors have recently bought and sold shares of the business. Sylebra Capital LLC grew its position in Sunnova Energy International by 125.6% during the 3rd quarter. Sylebra Capital LLC now owns 12,443,048 shares of the company’s stock worth $121,195,000 after purchasing an additional 6,926,399 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Sunnova Energy International in the third quarter valued at $76,550,000. Invesco Ltd. lifted its stake in shares of Sunnova Energy International by 55.2% in the fourth quarter. Invesco Ltd. now owns 6,082,399 shares of the company’s stock valued at $20,863,000 after purchasing an additional 2,162,379 shares during the period. Amundi lifted its position in shares of Sunnova Energy International by 11.2% during the 4th quarter. Amundi now owns 4,385,286 shares of the company’s stock valued at $14,988,000 after acquiring an additional 441,232 shares during the period. Finally, Electron Capital Partners LLC boosted its position in shares of Sunnova Energy International by 1.0% in the 4th quarter. Electron Capital Partners LLC now owns 3,447,218 shares of the company’s stock worth $11,824,000 after buying an additional 35,233 shares in 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.