Sunnova Energy International (NYSE:NOVA) Price Target Raised to $13.00 at The Goldman Sachs Group

Sunnova Energy International (NYSE:NOVA) had its price objective boosted by The Goldman Sachs Group from $10.00 to $13.00 in a research note released on Friday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other brokerages also recently commented on NOVA. Robert W. Baird increased their price objective on shares of Sunnova Energy International from $12.00 to $14.00 and gave the company an outperform rating in a research note on Friday. Mizuho reduced their price objective on Sunnova Energy International from $21.00 to $17.00 and set a buy rating on the stock in a research report on Friday, April 19th. B. Riley dropped their target price on Sunnova Energy International from $21.00 to $15.00 and set a buy rating for the company in a research report on Monday, April 22nd. Truist Financial lifted their price target on Sunnova Energy International from $9.00 to $10.00 and gave the company a buy rating in a research note on Monday, July 29th. Finally, Susquehanna upped their price objective on Sunnova Energy International from $12.00 to $14.00 and gave the company a positive rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $15.00.

Sunnova Energy International Trading Down 3.7 %

Shares of NOVA stock traded down $0.31 during trading hours on Friday, reaching $7.99. The company’s stock had a trading volume of 9,154,063 shares, compared to its average volume of 8,315,148. Sunnova Energy International has a fifty-two week low of $3.37 and a fifty-two week high of $17.69. The firm’s 50 day simple moving average is $6.13 and its 200-day simple moving average is $6.45. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 3.41.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.27. The business had revenue of $219.60 million for the quarter, compared to analyst estimates of $220.38 million. Sunnova Energy International had a negative return on equity of 9.28% and a negative net margin of 45.76%. Sunnova Energy International’s revenue was up 32.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.74) earnings per share. As a group, research analysts predict that Sunnova Energy International will post -1.89 EPS for the current year.

Insider Buying and Selling at Sunnova Energy International

In other news, insider William J. Berger 48,413 shares of the stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ballentine Partners LLC purchased a new position in Sunnova Energy International in the fourth quarter valued at approximately $161,000. Vanguard Group Inc. increased its holdings in Sunnova Energy International by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 10,270,487 shares of the company’s stock worth $107,532,000 after acquiring an additional 379,032 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Sunnova Energy International by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 842,130 shares of the company’s stock valued at $12,842,000 after acquiring an additional 61,953 shares during the period. Van ECK Associates Corp raised its position in shares of Sunnova Energy International by 124.4% in the fourth quarter. Van ECK Associates Corp now owns 1,563,320 shares of the company’s stock valued at $23,841,000 after purchasing an additional 866,705 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Sunnova Energy International in the fourth quarter valued at approximately $199,000.

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.