Sunnova Energy International Inc. (NYSE:NOVA – Get Rating)'s stock price was up 6.2% on Tuesday . The stock traded as high as $25.14 and last traded at $24.82. Approximately 6,015 shares traded hands during trading, a decline of 100% from the average daily volume of 2,434,048 shares. The stock had previously closed at $23.37.

Analyst Upgrades and Downgrades

NOVA has been the topic of a number of research reports. B. Riley upped their price objective on Sunnova Energy International from $26.00 to $35.00 in a report on Friday, July 29th. Barclays started coverage on Sunnova Energy International in a report on Friday, August 5th. They issued an "overweight" rating and a $35.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Sunnova Energy International from $43.00 to $54.00 and gave the stock an "overweight" rating in a research report on Monday, August 8th. Piper Sandler lowered Sunnova Energy International from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $27.00 to $23.00 in a research note on Tuesday, July 19th. Finally, Wells Fargo & Company boosted their price target on Sunnova Energy International from $22.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, August 3rd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.14.

Sunnova Energy International Price Performance

The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $2.74 billion, a PE ratio of -23.87 and a beta of 2.30. The company has a fifty day moving average price of $25.49 and a two-hundred day moving average price of $21.96.

Insiders Place Their Bets

In related news, insider Meghan Nutting sold 2,999 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $24.51, for a total transaction of $73,505.49. Following the transaction, the insider now owns 38,690 shares in the company, valued at $948,291.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider William J. Berger sold 150,000 shares of the company's stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $30.04, for a total value of $4,506,000.00. Following the sale, the insider now owns 301,142 shares of the company's stock, valued at $9,046,305.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Meghan Nutting sold 2,999 shares of the company's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $24.51, for a total transaction of $73,505.49. Following the completion of the sale, the insider now directly owns 38,690 shares in the company, valued at approximately $948,291.90. The disclosure for this sale can be found here. Insiders have sold 155,326 shares of company stock valued at $4,644,446 over the last quarter. Insiders own 4.20% of the company's stock.

Institutional Trading of Sunnova Energy International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its position in Sunnova Energy International by 236.4% in the first quarter. Captrust Financial Advisors now owns 1,487 shares of the company's stock valued at $34,000 after buying an additional 1,045 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in Sunnova Energy International in the second quarter valued at about $38,000. Sierra Capital LLC acquired a new position in Sunnova Energy International in the second quarter valued at about $58,000. US Bancorp DE lifted its position in shares of Sunnova Energy International by 168.8% during the first quarter. US Bancorp DE now owns 2,809 shares of the company's stock worth $65,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Sunnova Energy International by 198.1% during the first quarter. Steward Partners Investment Advisory LLC now owns 3,073 shares of the company's stock worth $71,000 after purchasing an additional 2,042 shares in the last quarter.

Sunnova Energy International Company Profile

(Get Rating)

Sunnova Energy International Inc provides residential energy services 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 diagnostics services. As of December 31, 2021, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,140 megawatts serving over 195,000 customers.

Further Reading

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