Sunnova Energy International’s (NOVA) Neutral Rating Reaffirmed at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of Sunnova Energy International (NYSE:NOVA) in a research report sent to investors on Monday, Marketbeat.com reports. Robert W. Baird currently has a $2.00 price target on the stock, down from their prior price target of $9.00.

A number of other equities analysts have also recently commented on NOVA. Royal Bank of Canada cut Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a report on Monday, December 9th. Jefferies Financial Group cut Sunnova Energy International from a “buy” rating to a “hold” rating and lowered their target price for the company from $9.00 to $2.00 in a report on Friday, February 7th. Morgan Stanley lowered their target price on Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. Wolfe Research cut Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group reduced their price target on Sunnova Energy International from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Sunnova Energy International has an average rating of “Hold” and an average price target of $8.72.

Sunnova Energy International Stock Performance

Shares of Sunnova Energy International stock opened at $0.60 on Monday. The business has a 50-day moving average of $2.82 and a 200 day moving average of $5.58. Sunnova Energy International has a 12 month low of $0.48 and a 12 month high of $13.00. The stock has a market capitalization of $74.77 million, a price-to-earnings ratio of -0.18 and a beta of 2.28. 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 Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. DRW Securities LLC acquired a new position in Sunnova Energy International during the third quarter worth approximately $989,000. Erste Asset Management GmbH acquired a new position in Sunnova Energy International during the third quarter worth approximately $76,550,000. Stratos Wealth Partners LTD. acquired a new position in Sunnova Energy International during the fourth quarter worth approximately $114,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Sunnova Energy International by 190.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 744,686 shares of the company’s stock worth $7,253,000 after buying an additional 488,623 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Sunnova Energy International by 17.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 901,433 shares of the company’s stock worth $8,780,000 after buying an additional 134,065 shares during the period.

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.