Sunnova Energy International Inc. (NYSE:NOVA) Given Consensus Rating of “Hold” by Brokerages

Sunnova Energy International Inc. (NYSE:NOVA) has been assigned an average rating of “Hold” from the twenty-nine research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twenty-three have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.39.

NOVA has been the subject of several recent research reports. Roth Mkm cut shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd. Baird R W lowered Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Barclays downgraded Sunnova Energy International from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $9.00 to $1.00 in a report on Wednesday, March 5th. Susquehanna cut Sunnova Energy International from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $4.50 in a research note on Friday, January 10th. Finally, Roth Capital lowered shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Hedge Funds Weigh In On Sunnova Energy International

Several institutional investors have recently added to or reduced their stakes in the stock. Cibc World Markets Corp acquired a new position in Sunnova Energy International in the 4th quarter valued at $35,000. Crux Wealth Advisors acquired a new position in shares of Sunnova Energy International during the fourth quarter worth about $35,000. Two Sigma Advisers LP purchased a new position in Sunnova Energy International during the fourth quarter worth about $35,000. Integrated Wealth Concepts LLC acquired a new stake in Sunnova Energy International in the fourth quarter valued at about $40,000. Finally, Teza Capital Management LLC acquired a new stake in Sunnova Energy International in the fourth quarter valued at about $48,000.

Sunnova Energy International Price Performance

NOVA opened at $0.36 on Thursday. The stock’s 50-day moving average price is $1.70 and its 200 day moving average price is $4.41. Sunnova Energy International has a 12-month low of $0.25 and a 12-month high of $13.00. The firm has a market cap of $44.53 million, a price-to-earnings ratio of -0.11 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.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly 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 analyst estimates 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 in the prior year, the company posted $0.37 EPS. As a group, sell-side analysts expect 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.