Sunnova Energy International (NYSE:NOVA) Upgraded at Guggenheim

Guggenheim upgraded shares of Sunnova Energy International (NYSE:NOVA) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Several other research firms have also weighed in on NOVA. Robert W. Baird reiterated a “neutral” rating and set a $2.00 target price (down previously from $9.00) on shares of Sunnova Energy International in a research note on Monday, March 3rd. Barclays downgraded shares of Sunnova Energy International from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $9.00 to $1.00 in a report on Wednesday. BNP Paribas cut Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price target on the stock. in a research report on Friday, November 8th. Capital One Financial downgraded shares of Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a report on Monday, March 3rd. Finally, Truist Financial downgraded Sunnova Energy International from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sunnova Energy International has an average rating of “Hold” and a consensus target price of $5.39.

Sunnova Energy International Stock Down 3.3 %

Shares of Sunnova Energy International stock opened at $0.50 on Wednesday. Sunnova Energy International has a twelve month low of $0.47 and a twelve month high of $13.00. The stock has a market cap of $62.85 million, a price-to-earnings ratio of -0.15 and a beta of 2.64. 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 company has a fifty day moving average price of $2.63 and a 200 day moving average price of $5.45.

Sunnova Energy International (NYSE:NOVA) last issued 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 firm had revenue of $224.13 million during the quarter, compared to analyst estimates of $235.85 million. During the same period last year, the business earned $0.37 EPS. Equities research analysts forecast that Sunnova Energy International will post -2.63 earnings per share for the current fiscal year.

Institutional Trading of Sunnova Energy International

Several hedge funds have recently made changes to their positions in the business. Erste Asset Management GmbH bought a new stake in shares of Sunnova Energy International during the third quarter valued at approximately $76,550,000. Sylebra Capital LLC raised its holdings in shares of Sunnova Energy International by 125.6% in the third quarter. Sylebra Capital LLC now owns 12,443,048 shares of the company’s stock valued at $121,195,000 after acquiring an additional 6,926,399 shares in the last quarter. CenterBook Partners LP purchased a new stake in Sunnova Energy International in the fourth quarter worth about $8,565,000. Invesco Ltd. grew its holdings in Sunnova Energy International by 55.2% during the 4th quarter. Invesco Ltd. now owns 6,082,399 shares of the company’s stock worth $20,863,000 after acquiring an additional 2,162,379 shares in the last quarter. Finally, Capital Fund Management S.A. increased its position in Sunnova Energy International by 456.4% during the 4th quarter. Capital Fund Management S.A. now owns 1,737,569 shares of the company’s stock valued at $5,960,000 after purchasing an additional 1,425,281 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.