Sunnova Energy International (NYSE:NOVA) Hits New 52-Week Low at $12.47

Shares of Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $12.47 and last traded at $12.79, with a volume of 3911194 shares traded. The stock had previously closed at $14.70.

Wall Street Analyst Weigh In

NOVA has been the subject of a number of analyst reports. Piper Sandler increased their target price on Sunnova Energy International from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, December 22nd. Roth Mkm upped their price target on Sunnova Energy International from $51.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, February 27th. B. Riley upped their price target on Sunnova Energy International from $30.00 to $32.00 in a report on Monday, November 21st. Citigroup initiated coverage on Sunnova Energy International in a report on Thursday, December 15th. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Credit Suisse Group restated an “outperform” rating and issued a $43.00 price target on shares of Sunnova Energy International in a report on Monday, February 27th. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Sunnova Energy International Stock Down 12.0 %

The firm has a fifty day moving average price of $18.30 and a 200-day moving average price of $20.32. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.02. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -9.65 and a beta of 2.12.

Institutional Investors Weigh In On Sunnova Energy International

Several hedge funds have recently made changes to their positions in NOVA. BlackRock Inc. raised its position in shares of Sunnova Energy International by 1.6% in the 1st quarter. BlackRock Inc. now owns 16,530,455 shares of the company’s stock worth $381,192,000 after buying an additional 261,186 shares during the period. Vanguard Group Inc. raised its position in shares of Sunnova Energy International by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,537,879 shares of the company’s stock worth $210,596,000 after buying an additional 114,448 shares during the period. Handelsbanken Fonder AB raised its position in shares of Sunnova Energy International by 3.5% in the 4th quarter. Handelsbanken Fonder AB now owns 5,318,958 shares of the company’s stock worth $95,794,000 after buying an additional 181,800 shares during the period. Nuveen Asset Management LLC raised its position in shares of Sunnova Energy International by 410.2% in the 3rd quarter. Nuveen Asset Management LLC now owns 3,731,515 shares of the company’s stock worth $82,392,000 after buying an additional 3,000,199 shares during the period. Finally, Electron Capital Partners LLC raised its position in shares of Sunnova Energy International by 30.1% in the 4th quarter. Electron Capital Partners LLC now owns 3,379,638 shares of the company’s stock worth $60,867,000 after buying an additional 781,893 shares during the period.

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.