Sunnova Energy International (NYSE:NOVA) Cut to Hold at Roth Capital

Roth Capital downgraded shares of Sunnova Energy International (NYSE:NOVA) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other analysts have also issued reports about the stock. Wolfe Research lowered shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Truist Financial lowered shares of Sunnova Energy International from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada reduced their price objective on shares of Sunnova Energy International from $5.00 to $0.75 and set a “sector perform” rating on the stock in a research report on Tuesday. Susquehanna lowered shares of Sunnova Energy International from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $14.00 to $4.50 in a research report on Friday, January 10th. Finally, TD Cowen started coverage on shares of Sunnova Energy International in a research report on Thursday, December 19th. They issued a “hold” rating and a $5.00 price objective on the stock. Two analysts have rated the stock with a sell rating, twenty-three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Sunnova Energy International has a consensus rating of “Hold” and an average target price of $5.39.

Sunnova Energy International Stock Down 19.1 %

Shares of NYSE NOVA opened at $0.55 on Monday. The firm’s 50-day moving average price is $2.70 and its 200-day moving average price is $5.49. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. The stock has a market capitalization of $68.22 million, a price-to-earnings ratio of -0.16 and a beta of 2.64. Sunnova Energy International has a 12-month low of $0.47 and a 12-month high of $13.00.

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

Institutional Investors Weigh In On Sunnova Energy International

Several institutional investors have recently bought and sold shares of the company. First Trust Direct Indexing L.P. boosted its stake in Sunnova Energy International by 11.6% in the third quarter. First Trust Direct Indexing L.P. now owns 19,373 shares of the company’s stock valued at $189,000 after acquiring an additional 2,016 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Sunnova Energy International by 37,400.0% during the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after buying an additional 2,992 shares during the period. Peapack Gladstone Financial Corp lifted its stake in shares of Sunnova Energy International by 11.0% during the third quarter. Peapack Gladstone Financial Corp now owns 32,200 shares of the company’s stock worth $314,000 after buying an additional 3,200 shares during the period. PFG Investments LLC lifted its stake in shares of Sunnova Energy International by 37.0% during the fourth quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock worth $63,000 after buying an additional 4,955 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Sunnova Energy International by 38.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,490 shares of the company’s stock worth $70,000 after buying an additional 5,662 shares during the period.

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.