Sunnova Energy International Inc. (NYSE:NOVA) Given Average Recommendation of “Hold” by Brokerages

Sunnova Energy International Inc. (NYSE:NOVA) has received an average rating of “Hold” from the twenty-four brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.03.

Several equities analysts have issued reports on NOVA shares. Barclays dropped their price objective on Sunnova Energy International from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on Sunnova Energy International from $14.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Susquehanna downgraded Sunnova Energy International from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $14.00 to $4.50 in a research note on Friday, January 10th. Wells Fargo & Company dropped their price target on Sunnova Energy International from $8.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Finally, Guggenheim lowered shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th.

Sunnova Energy International Stock Performance

Shares of Sunnova Energy International stock opened at $1.67 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The firm’s 50 day moving average is $2.89 and its two-hundred day moving average is $5.65. The firm has a market capitalization of $208.05 million, a P/E ratio of -0.50 and a beta of 2.28. Sunnova Energy International has a 52 week low of $1.64 and a 52 week high of $13.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NOVA. Cibc World Markets Corp acquired a new position in Sunnova Energy International during the fourth quarter worth about $35,000. Crux Wealth Advisors purchased a new stake in shares of Sunnova Energy International during the 4th quarter worth approximately $35,000. Two Sigma Advisers LP acquired a new stake in shares of Sunnova Energy International in the 4th quarter worth approximately $35,000. Integrated Wealth Concepts LLC purchased a new position in Sunnova Energy International in the 4th quarter valued at approximately $40,000. Finally, Teza Capital Management LLC acquired a new position in Sunnova Energy International during the fourth quarter worth $48,000.

About Sunnova Energy International

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.