Sunnova Energy International Inc. (NYSE:NOVA) Director Akbar Mohamed Buys 54,717 Shares

Sunnova Energy International Inc. (NYSE:NOVA) Director Akbar Mohamed bought 54,717 shares of Sunnova Energy International stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of $3.80 per share, with a total value of $207,924.60. Following the completion of the purchase, the director now owns 302,654 shares in the company, valued at approximately $1,150,085.20. This trade represents a 22.07 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Akbar Mohamed also recently made the following trade(s):

• On Monday, November 18th, Akbar Mohamed bought 50,000 shares of Sunnova Energy International stock. The stock was purchased at an average cost of $3.64 per share, for a total transaction of $182,000.00.

Sunnova Energy International Trading Up 22.8 %

Shares of NYSE NOVA opened at $4.23 on Thursday. The business’s 50 day moving average is $6.92 and its 200-day moving average is $6.89. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. Sunnova Energy International Inc. has a 1-year low of $2.99 and a 1-year high of $16.35.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.45). The firm had revenue of $235.30 million for the quarter, compared to the consensus estimate of $238.23 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.53) EPS. Analysts expect that Sunnova Energy International Inc. will post -2.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunnova Energy International

Hedge funds have recently bought and sold shares of the business. First Affirmative Financial Network increased its stake in Sunnova Energy International by 12.9% during the 2nd quarter. First Affirmative Financial Network now owns 14,829 shares of the company’s stock worth $83,000 after acquiring an additional 1,691 shares during the period. First Trust Direct Indexing L.P. increased its position in shares of Sunnova Energy International by 11.6% in the third quarter. First Trust Direct Indexing L.P. now owns 19,373 shares of the company’s stock worth $189,000 after purchasing an additional 2,016 shares during the period. Ballentine Partners LLC raised its stake in Sunnova Energy International by 15.9% in the third quarter. Ballentine Partners LLC now owns 21,515 shares of the company’s stock valued at $210,000 after purchasing an additional 2,956 shares in the last quarter. International Assets Investment Management LLC lifted its position in Sunnova Energy International by 37,400.0% during the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after purchasing an additional 2,992 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Sunnova Energy International by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 56,487 shares of the company’s stock worth $315,000 after buying an additional 3,559 shares in the last quarter.

Wall Street Analysts Forecast Growth

NOVA has been the topic of a number of recent research reports. Wolfe Research downgraded shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Robert W. Baird cut their price target on shares of Sunnova Energy International from $18.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating for the company in a research note on Friday, November 1st. Citigroup lowered their target price on Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Finally, BNP Paribas cut Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price target for the company. in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Sunnova Energy International currently has a consensus rating of “Moderate Buy” and an average target price of $10.89.

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.