Dimensional Fund Advisors LP Reduces Holdings in Sunnova Energy International Inc. (NYSE:NOVA)

Dimensional Fund Advisors LP lowered its position in Sunnova Energy International Inc. (NYSE:NOVA) by 31.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,012,833 shares of the company’s stock after selling 471,836 shares during the period. Dimensional Fund Advisors LP owned 0.82% of Sunnova Energy International worth $5,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOVA. First Affirmative Financial Network raised its holdings in Sunnova Energy International by 12.9% in the 2nd quarter. First Affirmative Financial Network now owns 14,829 shares of the company’s stock valued at $83,000 after acquiring an additional 1,691 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Sunnova Energy International by 14.6% during the first 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 during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Sunnova Energy International by 129.9% in 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. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Sunnova Energy International by 7.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,766 shares of the company’s stock worth $630,000 after acquiring an additional 6,751 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Sunnova Energy International by 2.3% during the fourth quarter. Wellington Management Group LLP now owns 343,267 shares of the company’s stock worth $5,235,000 after purchasing an additional 7,571 shares during the last quarter.

Insiders Place Their Bets

In other news, insider William J. Berger sold 77,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $11.31, for a total value of $870,870.00. Following the completion of the sale, the insider now directly owns 409,045 shares of the company’s stock, valued at approximately $4,626,298.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.50% of the stock is currently owned by insiders.

Sunnova Energy International Stock Down 1.0 %

Shares of NYSE NOVA opened at $6.94 on Wednesday. The business has a 50-day moving average price of $9.60 and a 200 day moving average price of $6.80. The stock has a market cap of $860.44 million, a PE ratio of -2.08 and a beta of 2.21. 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 Inc. has a 52-week low of $3.37 and a 52-week high of $16.35.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.27. Sunnova Energy International had a negative return on equity of 8.85% and a negative net margin of 45.76%. The business had revenue of $219.60 million during the quarter, compared to the consensus estimate of $220.38 million. During the same period in the prior year, the company earned ($0.74) earnings per share. The company’s revenue was up 32.0% compared to the same quarter last year. Equities research analysts forecast that Sunnova Energy International Inc. will post -1.8 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on NOVA shares. Truist Financial upped their target price on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Robert W. Baird raised their price target on Sunnova Energy International from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Scotiabank lifted their target price on Sunnova Energy International from $10.00 to $14.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 6th. Barclays reduced their price target on shares of Sunnova Energy International from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Finally, Guggenheim lifted their price objective on shares of Sunnova Energy International from $7.00 to $10.00 and gave the company a “buy” rating in a report on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Sunnova Energy International currently has an average rating of “Moderate Buy” and an average target price of $14.52.

Sunnova Energy International 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.