Stratos Wealth Partners LTD. Purchases Shares of 33,279 Sunnova Energy International Inc. (NYSE:NOVA)

Stratos Wealth Partners LTD. bought a new stake in Sunnova Energy International Inc. (NYSE:NOVA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,279 shares of the company’s stock, valued at approximately $114,000.

Several other institutional investors have also bought and sold shares of the stock. Kempner Capital Management Inc. purchased a new position in Sunnova Energy International during the fourth quarter worth about $51,000. PFG Investments LLC lifted its position in shares of Sunnova Energy International by 37.0% during the 4th quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock worth $63,000 after buying an additional 4,955 shares in the last quarter. Creative Planning purchased a new position in shares of Sunnova Energy International in the 3rd quarter worth approximately $107,000. Paloma Partners Management Co bought a new position in shares of Sunnova Energy International in the third quarter valued at approximately $151,000. Finally, SG Americas Securities LLC increased its position in shares of Sunnova Energy International by 125.0% during the fourth quarter. SG Americas Securities LLC now owns 53,706 shares of the company’s stock valued at $184,000 after acquiring an additional 29,834 shares during the last quarter.

Insiders Place Their Bets

In related news, CFO Eric Michael Williams purchased 13,800 shares of the business’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $3.60 per share, with a total value of $49,680.00. Following the purchase, the chief financial officer now directly owns 13,800 shares in the company, valued at approximately $49,680. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Akbar Mohamed acquired 50,000 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $3.64 per share, for a total transaction of $182,000.00. Following the transaction, the director now owns 352,654 shares in the company, valued at approximately $1,283,660.56. This represents a 16.52 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.50% of the company’s stock.

Sunnova Energy International Trading Up 0.3 %

Shares of NOVA stock opened at $1.91 on Friday. The company has a market capitalization of $238.03 million, a PE ratio of -0.57 and a beta of 2.28. Sunnova Energy International Inc. has a 52-week low of $1.86 and a 52-week high of $13.00. The business’s fifty day moving average is $3.36 and its 200 day moving average is $6.08. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NOVA shares. Piper Sandler cut their price objective on Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets restated a “market perform” rating and set a $8.00 price target (down previously from $10.00) on shares of Sunnova Energy International in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating on the stock in a research report on Friday, November 1st. TD Cowen began coverage on shares of Sunnova Energy International in a research report on Thursday, December 19th. They set a “hold” rating and a $5.00 target price for the company. Finally, Guggenheim cut shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Sunnova Energy International presently has a consensus rating of “Hold” and a consensus price target of $9.03.

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.