Sagefield Capital LP Acquires 44,810 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Sagefield Capital LP raised its holdings in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 32.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,109 shares of the company’s stock after buying an additional 44,810 shares during the quarter. Sagefield Capital LP owned about 0.15% of Sunnova Energy International worth $1,022,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. First Affirmative Financial Network grew its holdings in shares of Sunnova Energy International by 12.9% during the second quarter. First Affirmative Financial Network now owns 14,829 shares of the company’s stock worth $83,000 after purchasing an additional 1,691 shares in the last quarter. Victory Capital Management Inc. lifted its position in Sunnova Energy International by 23.2% during the fourth quarter. Victory Capital Management Inc. now owns 14,310 shares of the company’s stock valued at $218,000 after purchasing an additional 2,694 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in Sunnova Energy International by 14.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 33,033 shares of the company’s stock worth $202,000 after buying an additional 4,200 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Sunnova Energy International by 9.8% in the 2nd quarter. Sei Investments Co. now owns 68,846 shares of the company’s stock worth $384,000 after buying an additional 6,117 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Sunnova Energy International by 129.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,788 shares of the company’s stock valued at $72,000 after buying an additional 6,661 shares in the last quarter.

Insiders Place Their Bets

In other Sunnova Energy International news, insider William J. Berger sold 77,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $11.31, for a total transaction of $870,870.00. Following the transaction, the insider now owns 409,045 shares in the company, valued at approximately $4,626,298.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Sunnova Energy International from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Truist Financial upped their price objective on Sunnova Energy International from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, July 29th. The Goldman Sachs Group raised their price objective on Sunnova Energy International from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Morgan Stanley upped their target price on Sunnova Energy International from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 21st. Finally, Susquehanna increased their price target on shares of Sunnova Energy International from $12.00 to $14.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sunnova Energy International currently has an average rating of “Moderate Buy” and an average price target of $15.26.

Sunnova Energy International Stock Performance

Shares of NOVA stock opened at $10.37 on Tuesday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -3.08 and a beta of 2.22. The stock has a fifty day moving average of $9.28 and a 200 day moving average of $6.50. Sunnova Energy International Inc. has a 52 week low of $3.37 and a 52 week high of $16.35. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 3.11.

Sunnova Energy International (NYSE:NOVA) last posted its earnings results on Wednesday, July 31st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.27. The firm had revenue of $219.60 million during the quarter, compared to analysts’ expectations of $220.38 million. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 8.85%. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period last year, the company posted ($0.74) EPS. As a group, research analysts expect that Sunnova Energy International Inc. will post -1.8 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.