Sunnova Energy International Inc. (NYSE:NOVA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in Sunnova Energy International Inc. (NYSE:NOVA) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,298 shares of the company’s stock after selling 36,632 shares during the quarter. Rhumbline Advisers owned 0.14% of Sunnova Energy International worth $605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kempner Capital Management Inc. acquired a new stake in shares of Sunnova Energy International during the fourth quarter worth approximately $51,000. PFG Investments LLC boosted its stake in Sunnova Energy International by 37.0% during the 4th quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock valued at $63,000 after acquiring an additional 4,955 shares during the last quarter. Creative Planning acquired a new position in Sunnova Energy International during the 3rd quarter worth $107,000. Stratos Wealth Partners LTD. bought a new stake in shares of Sunnova Energy International in the 4th quarter worth about $114,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Sunnova Energy International in the 3rd quarter valued at about $151,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets decreased their price target on Sunnova Energy International from $4.00 to $0.85 and set a “market perform” rating for the company in a research note on Tuesday. Morgan Stanley lowered their price target 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. Janney Montgomery Scott cut Sunnova Energy International from a “buy” rating to a “neutral” rating and set a $1.00 price objective on the stock. in a research note on Tuesday. Baird R W lowered shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Mizuho cut shares of Sunnova Energy International from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $11.00 to $1.00 in a report on Wednesday. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sunnova Energy International currently has an average rating of “Hold” and a consensus target price of $5.39.

Sunnova Energy International Stock Performance

Shares of NOVA opened at $0.50 on Friday. The firm has a market capitalization of $62.85 million, a PE ratio of -0.15 and a beta of 2.64. 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 firm has a 50-day moving average price of $2.63 and a 200 day moving average price of $5.45. Sunnova Energy International Inc. 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 data 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). Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company had revenue of $224.13 million during the quarter, compared to the consensus estimate of $235.85 million. During the same quarter last year, the business earned $0.37 earnings per share. On average, sell-side analysts anticipate that Sunnova Energy International Inc. will post -2.63 earnings per share for the current fiscal 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.