Vanguard Group Inc. Sells 1,698,249 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Vanguard Group Inc. reduced its position in Sunnova Energy International Inc. (NYSE:NOVA) by 15.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,333,184 shares of the company’s stock after selling 1,698,249 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Sunnova Energy International worth $32,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Peapack Gladstone Financial Corp lifted its holdings in Sunnova Energy International by 11.0% in the third quarter. Peapack Gladstone Financial Corp now owns 32,200 shares of the company’s stock valued at $314,000 after acquiring an additional 3,200 shares during the period. PFG Investments LLC increased its position in shares of Sunnova Energy International by 37.0% during the 4th quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock valued at $63,000 after purchasing an additional 4,955 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Sunnova Energy International by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 908,997 shares of the company’s stock worth $3,118,000 after purchasing an additional 7,564 shares during the period. Cibc World Markets Corp purchased a new position in shares of Sunnova Energy International in the fourth quarter worth approximately $35,000. Finally, Atria Wealth Solutions Inc. grew its position in Sunnova Energy International by 85.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 24,845 shares of the company’s stock valued at $85,000 after buying an additional 11,435 shares during the period.

Analysts Set New Price Targets

Several research analysts have weighed in on NOVA shares. Baird R W downgraded shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $2.00 target price (down from $9.00) on shares of Sunnova Energy International in a report on Monday, March 3rd. Susquehanna lowered Sunnova Energy International from a “positive” rating to a “neutral” rating and cut their price target for the company from $14.00 to $4.50 in a report on Friday, January 10th. Citigroup downgraded Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 13th. Finally, Roth Capital downgraded Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.37.

Sunnova Energy International Trading Down 2.5 %

Shares of NOVA stock opened at $0.27 on Monday. 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 stock has a market capitalization of $34.02 million, a price-to-earnings ratio of -0.08 and a beta of 2.89. Sunnova Energy International Inc. has a 12-month low of $0.25 and a 12-month high of $13.00. The stock’s 50-day moving average price is $0.97 and its 200-day moving average price is $3.36.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). The firm had revenue of $224.13 million during the quarter, compared to the consensus estimate of $235.85 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. During the same period in the previous year, the firm earned $0.37 EPS. Equities research analysts predict that Sunnova Energy International Inc. will post -2.63 EPS for the current fiscal year.

Sunnova Energy International 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.