nVerses Capital LLC Sells 2,800 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

nVerses Capital LLC lessened its stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 22.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,700 shares of the company’s stock after selling 2,800 shares during the period. nVerses Capital LLC’s holdings in Sunnova Energy International were worth $94,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NOVA. GAMMA Investing LLC raised its stake in Sunnova Energy International by 736.3% in the third quarter. GAMMA Investing LLC now owns 8,756 shares of the company’s stock worth $85,000 after buying an additional 7,709 shares in the last quarter. Peoples Bank KS bought a new position in Sunnova Energy International in the second quarter worth approximately $56,000. Caxton Associates LP bought a new position in Sunnova Energy International in the first quarter worth approximately $62,000. First Trust Direct Indexing L.P. bought a new position in Sunnova Energy International in the first quarter worth approximately $66,000. Finally, Creative Planning purchased a new position in Sunnova Energy International in the third quarter worth $107,000.

Sunnova Energy International Stock Down 1.0 %

Sunnova Energy International stock opened at $5.74 on Monday. The firm has a market cap of $711.66 million, a price-to-earnings ratio of -1.70 and a beta of 2.21. Sunnova Energy International Inc. has a 52 week low of $3.37 and a 52 week high of $16.35. The business’s 50-day moving average price is $9.41 and its 200 day moving average price is $6.85. 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 issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) EPS 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 company had revenue of $219.60 million for the quarter, compared to analyst estimates of $220.38 million. During the same period last year, the company earned ($0.74) earnings per share. Sunnova Energy International’s quarterly revenue was up 32.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sunnova Energy International Inc. will post -1.86 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on NOVA shares. Piper Sandler lifted their price target on shares of Sunnova Energy International from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays cut their price target on shares of Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Guggenheim lifted their price target on shares of Sunnova Energy International from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company boosted their price objective on shares of Sunnova Energy International from $6.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday, August 6th. Finally, Robert W. Baird raised their target price on Sunnova Energy International from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.22.

Insider Buying and Selling at Sunnova Energy International

In other Sunnova Energy International news, insider William J. Berger sold 77,000 shares of the firm’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 value of $870,870.00. Following the sale, the insider now directly owns 409,045 shares of the company’s stock, valued at approximately $4,626,298.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.50% of the stock is owned by corporate insiders.

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.