Sunnova Energy International Sees Unusually Large Options Volume (NYSE:NOVA)

Sunnova Energy International Inc. (NYSE:NOVA) was the recipient of unusually large options trading on Monday. Stock investors acquired 33,668 put options on the company. This represents an increase of 225% compared to the typical volume of 10,351 put options.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NOVA shares. The Goldman Sachs Group downgraded Sunnova Energy International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $10.00 to $1.00 in a research note on Tuesday. Roth Mkm downgraded Sunnova Energy International from a “buy” rating to a “neutral” rating in a research note on Monday. UBS Group downgraded Sunnova Energy International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $5.00 to $0.65 in a research note on Tuesday. Truist Financial downgraded Sunnova Energy International from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Jefferies Financial Group downgraded Sunnova Energy International from a “buy” rating to a “hold” rating and reduced their target price for the company from $9.00 to $2.00 in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sunnova Energy International has an average rating of “Hold” and an average price target of $6.59.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Sylebra Capital LLC grew its stake in Sunnova Energy International by 125.6% in the 3rd quarter. Sylebra Capital LLC now owns 12,443,048 shares of the company’s stock valued at $121,195,000 after buying an additional 6,926,399 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Sunnova Energy International during the 3rd quarter valued at $76,550,000. Invesco Ltd. grew its position in shares of Sunnova Energy International by 55.2% during the 4th 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 in the last quarter. Amundi grew 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 purchasing an additional 441,232 shares in the last quarter. Finally, Electron Capital Partners LLC grew its position in shares of Sunnova Energy International by 1.0% during the 4th quarter. Electron Capital Partners LLC now owns 3,447,218 shares of the company’s stock valued at $11,824,000 after purchasing an additional 35,233 shares in the last quarter.

Sunnova Energy International Price Performance

Sunnova Energy International stock opened at $0.67 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The stock has a market cap of $83.84 million, a P/E ratio of -0.20 and a beta of 2.28. The company’s 50 day moving average price is $2.76 and its two-hundred day moving average price is $5.52. Sunnova Energy International has a 52 week low of $0.47 and a 52 week high of $13.00.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings results on Monday, March 3rd. The company reported ($2.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). The company had revenue of $224.13 million during the quarter, compared to the consensus estimate of $235.85 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. During the same period last year, the firm posted $0.37 EPS. On average, equities analysts predict that Sunnova Energy International will post -2.63 earnings per share for the current year.

Sunnova Energy International Company 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.