Sunnova Energy International Inc. (NYSE:NOVA) Receives Average Rating of “Hold” from Brokerages

Shares of Sunnova Energy International Inc. (NYSE:NOVA) have been given an average rating of “Hold” by the twenty-five analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $9.60.

NOVA has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on shares of Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Citigroup dropped their price target on Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Robert W. Baird reduced their price objective on Sunnova Energy International from $12.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Susquehanna cut Sunnova Energy International from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $14.00 to $4.50 in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sunnova Energy International from $14.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd.

Insiders Place Their Bets

In related news, CFO Eric Michael Williams bought 13,800 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $3.60 per share, with a total value of $49,680.00. Following the completion of the purchase, the chief financial officer now directly owns 13,800 shares of the company’s stock, valued at $49,680. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Akbar Mohamed purchased 54,717 shares of the business’s stock in a transaction on Friday, November 15th. The stock was bought at an average cost of $3.80 per share, with a total value of $207,924.60. Following the purchase, the director now owns 302,654 shares in the company, valued at approximately $1,150,085.20. This represents a 22.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 118,517 shares of company stock worth $439,605 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sunnova Energy International

A number of large investors have recently added to or reduced their stakes in the company. Kempner Capital Management Inc. bought a new position in shares of Sunnova Energy International during the 4th quarter valued at $51,000. PFG Investments LLC grew its stake in shares of Sunnova Energy International by 37.0% during the fourth quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock valued at $63,000 after buying an additional 4,955 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 during the period. Atria Wealth Solutions Inc. lifted its stake in shares of Sunnova Energy International by 85.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 24,845 shares of the company’s stock valued at $85,000 after acquiring an additional 11,435 shares during the last quarter. Finally, Creative Planning purchased a new stake in Sunnova Energy International during the 3rd quarter valued at about $107,000.

Sunnova Energy International Stock Performance

Shares of NOVA stock opened at $2.45 on Wednesday. Sunnova Energy International has a one year low of $2.30 and a one year high of $13.00. The company has a market cap of $305.50 million, a P/E ratio of -0.73 and a beta of 2.28. The firm has a 50-day moving average of $3.83 and a 200-day moving average of $6.36. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86.

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.