Sunnova Energy International (NYSE:NOVA) Stock Rating Lowered by Truist Financial

Truist Financial cut shares of Sunnova Energy International (NYSE:NOVA) from a buy rating to a hold rating in a research report report published on Monday, MarketBeat.com reports.

Other analysts also recently issued reports about the stock. Barclays lowered their price target on shares of Sunnova Energy International from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. BNP Paribas downgraded Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price target on the stock. in a research report on Friday, November 8th. Roth Mkm downgraded Sunnova Energy International from a “buy” rating to a “neutral” rating in a research note on Monday. Wells Fargo & Company dropped 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 research note on Wednesday, January 8th. Finally, Royal Bank of Canada cut shares of Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Sunnova Energy International has an average rating of “Hold” and a consensus price target of $8.72.

Sunnova Energy International Stock Down 64.0 %

Shares of NOVA opened at $0.60 on Monday. The company has a market capitalization of $74.77 million, a price-to-earnings ratio of -0.18 and a beta of 2.28. Sunnova Energy International has a 52 week low of $0.48 and a 52 week high of $13.00. The stock’s 50-day moving average price is $2.82 and its 200-day moving average price is $5.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26.

Institutional Investors Weigh In On Sunnova Energy International

Hedge funds have recently modified their holdings of the company. Cibc World Markets Corp purchased a new position in shares of Sunnova Energy International during the fourth quarter valued at approximately $35,000. Crux Wealth Advisors purchased a new position in shares of Sunnova Energy International during the 4th quarter worth $35,000. Two Sigma Advisers LP acquired a new stake in shares of Sunnova Energy International during the fourth quarter worth $35,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Sunnova Energy International in the fourth quarter valued at $40,000. Finally, Teza Capital Management LLC acquired a new position in Sunnova Energy International in the fourth quarter valued at $48,000.

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.