Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) shares gapped down before the market opened on Wednesday after Barclays lowered their price target on the stock from $35.00 to $31.00. The stock had previously closed at $20.15, but opened at $19.05. Sunnova Energy International shares last traded at $18.85, with a volume of 354,518 shares.
A number of other equities analysts have also weighed in on NOVA. Piper Sandler lifted their price objective on shares of Sunnova Energy International from $25.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, December 22nd. Capital One Financial reiterated an "overweight" rating on shares of Sunnova Energy International in a research report on Wednesday, November 16th. Truist Financial lowered their price objective on shares of Sunnova Energy International from $32.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, October 28th. Susquehanna Bancshares started coverage on shares of Sunnova Energy International in a research report on Monday, October 17th. They issued a "positive" rating and a $38.00 price objective on the stock. Finally, Royal Bank of Canada lifted their price objective on shares of Sunnova Energy International from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Tuesday, November 22nd. 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 stock. According to data from MarketBeat, Sunnova Energy International currently has a consensus rating of "Moderate Buy" and an average price target of $35.06.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Guinness Asset Management LTD acquired a new position in shares of Sunnova Energy International during the 3rd quarter worth $14,824,000. Nordea Investment Management AB raised its stake in shares of Sunnova Energy International by 4.5% during the 2nd quarter. Nordea Investment Management AB now owns 301,534 shares of the company's stock worth $5,328,000 after buying an additional 13,084 shares during the last quarter. Luminus Management LLC acquired a new position in shares of Sunnova Energy International during the 2nd quarter worth $464,000. Handelsbanken Fonder AB raised its stake in shares of Sunnova Energy International by 1.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 5,137,158 shares of the company's stock worth $113,428,000 after buying an additional 62,969 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Sunnova Energy International by 38.7% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 42,120 shares of the company's stock worth $776,000 after buying an additional 11,743 shares during the last quarter.
Sunnova Energy International Stock Down 7.5 %
The firm's 50 day moving average is $20.50 and its two-hundred day moving average is $21.95. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -14.21 and a beta of 2.13. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 3.00.Sunnova Energy International (NYSE:NOVA – Get Rating) last announced its earnings results on Wednesday, October 26th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.26). Sunnova Energy International had a negative net margin of 34.38% and a negative return on equity of 10.57%. The firm had revenue of $149.36 million during the quarter, compared to analyst estimates of $129.49 million. On average, sell-side analysts predict that Sunnova Energy International Inc. will post -1.56 EPS for the current year.
About Sunnova Energy International
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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.
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