Sunnova Energy International (NYSE:NOVA – Get Rating) had its price target reduced by equities researchers at Barclays from $35.00 to $31.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 71.18% from the stock's current price.

Several other brokerages have also commented on NOVA. Truist Financial decreased their price objective on Sunnova Energy International from $32.00 to $31.00 and set a "buy" rating for the company in a report on Friday, October 28th. Susquehanna assumed coverage on Sunnova Energy International in a research note on Monday, October 17th. They issued a "positive" rating and a $38.00 target price for the company. Capital One Financial restated an "overweight" rating on shares of Sunnova Energy International in a research note on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Sunnova Energy International in a research note on Monday, November 14th. They issued a "buy" rating and a $36.00 target price for the company. Finally, The Goldman Sachs Group raised their target price on Sunnova Energy International to $26.00 in a research note on Monday, November 21st. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.06.

Sunnova Energy International Stock Performance

Shares of NOVA opened at $18.11 on Wednesday. Sunnova Energy International has a 12 month low of $12.47 and a 12 month high of $31.47. The stock has a fifty day moving average price of $20.40 and a 200-day moving average price of $21.92. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 3.00. The firm has a market cap of $2.08 billion, a PE ratio of -14.36 and a beta of 2.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NOVA. Advisor Group Holdings Inc. lifted its stake in Sunnova Energy International by 23.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,788 shares of the company's stock valued at $387,000 after buying an additional 907 shares in the last quarter. Raymond James & Associates lifted its stake in Sunnova Energy International by 185.3% in the 1st quarter. Raymond James & Associates now owns 41,819 shares of the company's stock valued at $964,000 after buying an additional 27,160 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Sunnova Energy International by 199.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 47,501 shares of the company's stock valued at $1,095,000 after buying an additional 31,646 shares in the last quarter. US Bancorp DE lifted its stake in Sunnova Energy International by 168.8% in the 1st 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, MetLife Investment Management LLC lifted its stake in Sunnova Energy International by 53.6% in the 1st quarter. MetLife Investment Management LLC now owns 47,065 shares of the company's stock worth $1,085,000 after purchasing an additional 16,426 shares in the last quarter.

Sunnova Energy International Company Profile

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Sunnova Energy International, Inc operates as a residential energy service provider. It offers solar energy systems, electric vehicle chargers, and home solar protection. The company was founded by William Jackson Berger in 2012 and is headquartered in Houston, TX.

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