Sunnova Energy International (NYSE:NOVA) Rating Lowered to Equal Weight at Capital One Financial

Capital One Financial lowered shares of Sunnova Energy International (NYSE:NOVA) from an overweight rating to an equal weight rating in a report published on Monday, Marketbeat.com reports.

Other equities analysts have also issued research reports about the stock. Piper Sandler cut their price objective on shares of Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Wolfe Research lowered Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Morgan Stanley cut their price target on shares of Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. BNP Paribas cut shares of Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price target on the stock. in a report on Friday, November 8th. Finally, Wells Fargo & Company cut their price target on shares of Sunnova Energy International from $8.00 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.72.

Sunnova Energy International Price Performance

Shares of Sunnova Energy International stock opened at $0.60 on Monday. Sunnova Energy International has a twelve month low of $0.48 and a twelve month high of $13.00. The stock has a market capitalization of $74.77 million, a P/E ratio of -0.18 and a beta of 2.28. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. The business’s fifty day moving average price is $2.82 and its 200 day moving average price is $5.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Direct Indexing L.P. raised its position in 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 valued at $189,000 after purchasing an additional 2,016 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Sunnova Energy International by 37,400.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock valued at $308,000 after buying an additional 2,992 shares during the last quarter. Peapack Gladstone Financial Corp raised its holdings in Sunnova Energy International by 11.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 32,200 shares of the company’s stock valued at $314,000 after buying an additional 3,200 shares during the last quarter. PFG Investments LLC raised its stake in shares of Sunnova Energy International by 37.0% during the fourth quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock valued at $63,000 after acquiring an additional 4,955 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Sunnova Energy International by 38.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,490 shares of the company’s stock valued at $70,000 after acquiring an additional 5,662 shares during the last quarter.

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.