Sunnova Energy International (NYSE:NOVA) Downgraded by Roth Mkm to “Neutral”

Roth Mkm downgraded shares of Sunnova Energy International (NYSE:NOVA) from a buy rating to a neutral rating in a research report report published on Monday, MarketBeat Ratings reports.

Several other brokerages have also commented on NOVA. Wolfe Research lowered shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group decreased their price objective on shares of Sunnova Energy International from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. BNP Paribas lowered shares of Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price objective on the stock. in a report on Friday, November 8th. Jefferies Financial Group lowered shares of Sunnova Energy International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $9.00 to $2.00 in a report on Friday, February 7th. Finally, Piper Sandler decreased their price objective on shares of Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.72.

Sunnova Energy International Stock Performance

NYSE:NOVA opened at $0.60 on Monday. 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 firm has a market capitalization of $74.77 million, a price-to-earnings ratio of -0.18 and a beta of 2.28. The company’s 50-day moving average is $2.82 and its two-hundred day moving average is $5.58. Sunnova Energy International has a 1-year low of $0.48 and a 1-year high of $13.00.

Institutional Investors Weigh In On Sunnova Energy International

A number of large investors have recently modified their holdings of NOVA. Cibc World Markets Corp purchased a new stake in shares of Sunnova Energy International in the 4th quarter valued at approximately $35,000. Crux Wealth Advisors purchased a new position in shares of Sunnova Energy International in the 4th quarter valued at $35,000. Two Sigma Advisers LP purchased a new position in shares of Sunnova Energy International in the 4th quarter valued at $35,000. Integrated Wealth Concepts LLC purchased a new position in shares of Sunnova Energy International in the 4th quarter valued at $40,000. Finally, Teza Capital Management LLC purchased a new position in shares of Sunnova Energy International in the 4th quarter valued at $48,000.

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.