Roth Capital Analysts Increase Earnings Estimates for Sunnova Energy International Inc. (NYSE:NOVA)

Sunnova Energy International Inc. (NYSE:NOVA) – Investment analysts at Roth Capital upped their Q4 2024 earnings estimates for shares of Sunnova Energy International in a research note issued on Thursday, May 2nd. Roth Capital analyst P. Shen now anticipates that the company will post earnings of $0.05 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for Sunnova Energy International’s current full-year earnings is ($2.39) per share. Roth Capital also issued estimates for Sunnova Energy International’s Q4 2025 earnings at $0.00 EPS.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.57) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.22. Sunnova Energy International had a negative return on equity of 12.35% and a negative net margin of 56.52%. The business had revenue of $160.90 million for the quarter, compared to the consensus estimate of $193.78 million. During the same quarter last year, the business posted ($0.70) earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis.

Several other analysts have also issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 target price (down previously from $24.00) on shares of Sunnova Energy International in a research note on Monday, March 4th. KeyCorp cut shares of Sunnova Energy International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 23rd. BMO Capital Markets decreased their target price on shares of Sunnova Energy International from $10.00 to $6.00 and set a “market perform” rating on the stock in a research report on Friday. Wells Fargo & Company reissued an “equal weight” rating and issued a $6.00 price target (down from $11.00) on shares of Sunnova Energy International in a research note on Friday, April 19th. Finally, Evercore ISI reduced their price objective on Sunnova Energy International from $26.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sunnova Energy International presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.71.

Sunnova Energy International Price Performance

Shares of Sunnova Energy International stock opened at $4.79 on Friday. The firm has a market capitalization of $593.19 million, a PE ratio of -1.42 and a beta of 2.15. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 3.58. Sunnova Energy International has a 12 month low of $3.37 and a 12 month high of $24.56. The business’s 50-day moving average price is $5.05 and its 200-day moving average price is $9.11.

Insider Transactions at Sunnova Energy International

In related news, insider Paul S. Mathews sold 9,500 shares of the stock in a transaction dated Monday, March 11th. The shares were 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 of the company’s stock, valued at $74,377.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Akbar Mohamed acquired 152,450 shares of the stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $1,634,081.88. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul S. Mathews sold 9,500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $5.31, for a total transaction of $50,445.00. Following the sale, the insider now owns 14,007 shares in the company, valued at approximately $74,377.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,580 shares of company stock valued at $137,382. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Electron Capital Partners LLC raised its stake in Sunnova Energy International by 42.9% during the third quarter. Electron Capital Partners LLC now owns 5,308,684 shares of the company’s stock valued at $55,582,000 after buying an additional 1,593,098 shares during the last quarter. Van ECK Associates Corp boosted its stake in Sunnova Energy International by 124.4% in the 4th quarter. Van ECK Associates Corp now owns 1,563,320 shares of the company’s stock worth $23,841,000 after purchasing an additional 866,705 shares in the last quarter. Banque Pictet & Cie SA bought a new position in Sunnova Energy International in the 3rd quarter worth about $6,906,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in Sunnova Energy International by 57.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,324,957 shares of the company’s stock valued at $13,872,000 after purchasing an additional 484,150 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Sunnova Energy International during the 4th quarter valued at about $6,930,000.

About Sunnova Energy International

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.