Sunnova Energy International (NYSE:NOVA) Given Equal Weight Rating at Wells Fargo & Company

Wells Fargo & Company restated their equal weight rating on shares of Sunnova Energy International (NYSE:NOVA) in a research report released on Friday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has a $6.00 price objective on the stock, down from their previous price objective of $11.00.

Several other brokerages have also weighed in on NOVA. The Goldman Sachs Group cut their target price on Sunnova Energy International from $14.00 to $12.00 and set a buy rating on the stock in a research report on Thursday, April 11th. Mizuho cut their target price on Sunnova Energy International from $25.00 to $21.00 and set a buy rating on the stock in a research report on Tuesday, February 27th. Evercore ISI cut their target price on Sunnova Energy International from $29.00 to $26.00 and set an outperform rating on the stock in a research report on Friday, February 23rd. Morgan Stanley reaffirmed an equal weight rating and issued a $14.00 target price (down from $24.00) on shares of Sunnova Energy International in a research report on Monday, March 4th. Finally, Susquehanna cut their target price on Sunnova Energy International from $20.00 to $12.00 and set a positive rating on the stock in a research report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $18.73.

Sunnova Energy International Trading Up 0.7 %

NOVA stock opened at $3.81 on Friday. Sunnova Energy International has a 52-week low of $3.52 and a 52-week high of $24.56. The stock’s fifty day simple moving average is $6.40 and its 200-day simple moving average is $9.51. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.85 and a current ratio of 0.85.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.04. Sunnova Energy International had a negative return on equity of 13.26% and a negative net margin of 58.00%. The business had revenue of $194.18 million for the quarter, compared to analysts’ expectations of $226.09 million. Equities analysts predict that Sunnova Energy International will post -2.28 EPS for the current year.

Insider Transactions at Sunnova Energy International

In other Sunnova Energy International news, Director Akbar Mohamed bought 152,450 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $6.92 per share, with a total value of $1,054,954.00. Following the completion of the transaction, the director now owns 236,139 shares in the company, valued at $1,634,081.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Paul S. Mathews sold 9,500 shares of Sunnova Energy International stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $5.31, for a total value of $50,445.00. Following the completion of the transaction, the insider now directly owns 14,007 shares in the company, valued at $74,377.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Akbar Mohamed purchased 152,450 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $6.92 per share, with a total value of $1,054,954.00. Following the completion of the purchase, the director now directly owns 236,139 shares of the company’s stock, valued at approximately $1,634,081.88. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 23,580 shares of company stock valued at $137,382. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sunnova Energy International

Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors grew its stake in Sunnova Energy International by 236.4% in the first quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock worth $34,000 after purchasing an additional 1,045 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Sunnova Energy International by 2,959.7% during the fourth quarter. Manchester Capital Management LLC now owns 1,897 shares of the company’s stock valued at $29,000 after purchasing an additional 1,835 shares during the last quarter. Quarry LP bought a new position in Sunnova Energy International in the 1st quarter worth approximately $36,000. Steward Partners Investment Advisory LLC grew its holdings in Sunnova Energy International by 108.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,302 shares of the company’s stock worth $36,000 after buying an additional 1,200 shares in the last quarter. Finally, US Bancorp DE grew 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 buying an additional 1,764 shares in the last quarter.

Sunnova Energy International Company Profile

Sunnova Energy International Inc engages in the provision of energy as a service 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 solar energy system and energy storage system diagnostics services.