Raymond James & Associates increased its holdings in Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,632 shares of the company's stock after buying an additional 6,976 shares during the quarter. Raymond James & Associates' holdings in Sunnova Energy International were worth $1,206,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors raised its holdings in Sunnova Energy International by 236.4% in the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company's stock worth $34,000 after purchasing an additional 1,045 shares during the period. FinTrust Capital Advisors LLC bought a new position in Sunnova Energy International in the 2nd quarter worth $38,000. Sierra Capital LLC purchased a new stake in Sunnova Energy International in the 2nd quarter worth approximately $58,000. US Bancorp DE increased its holdings 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 acquiring an additional 1,764 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its holdings in Sunnova Energy International by 9.1% in the 2nd quarter. First Republic Investment Management Inc. now owns 13,052 shares of the company's stock worth $241,000 after acquiring an additional 1,094 shares in the last quarter.
Get Sunnova Energy International alerts:Sunnova Energy International Trading Down 2.8 %
Shares of NOVA stock opened at $18.11 on Friday. Sunnova Energy International Inc. has a 1 year low of $12.47 and a 1 year high of $31.47. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.05 and a quick ratio of 2.05. The stock's 50 day simple moving average is $20.40 and its two-hundred day simple moving average is $21.92. The company has a market cap of $2.08 billion, a PE ratio of -14.36 and a beta of 2.13.
Sunnova Energy International (NYSE:NOVA – Get Rating) last issued its quarterly earnings data on Wednesday, October 26th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $149.36 million for the quarter, compared to analysts' expectations of $129.49 million. Research analysts predict that Sunnova Energy International Inc. will post -1.56 earnings per share for the current year.Wall Street Analyst Weigh In
Several research firms recently issued reports on NOVA. Truist Financial reduced their target price on shares of Sunnova Energy International from $32.00 to $31.00 and set a "buy" rating for the company in a report on Friday, October 28th. Wolfe Research downgraded shares of Sunnova Energy International from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 20th. The Goldman Sachs Group upped their target price on shares of Sunnova Energy International to $26.00 in a report on Monday, November 21st. Raymond James lowered their price target on Sunnova Energy International from $32.00 to $30.00 and set a "strong-buy" rating on the stock in a report on Thursday, October 27th. Finally, Piper Sandler boosted their price target on Sunnova Energy International from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, December 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 company. According to MarketBeat, Sunnova Energy International currently has an average rating of "Moderate Buy" and a consensus price target of $35.06.
About Sunnova Energy International
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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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