Sunnova Energy International Inc. (NYSE:NOVA) Receives Average Rating of “Hold” from Brokerages

Sunnova Energy International Inc. (NYSE:NOVA) has received an average rating of “Hold” from the twenty-nine brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.37.

Several analysts have recently issued reports on the stock. Roth Mkm lowered shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd. UBS Group downgraded Sunnova Energy International from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $5.00 to $0.65 in a research report on Tuesday, March 4th. Robert W. Baird reiterated a “neutral” rating and issued a $2.00 price target (down from $9.00) on shares of Sunnova Energy International in a research report on Monday, March 3rd. Capital One Financial downgraded Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 3rd. Finally, Citigroup cut Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 13th.

Institutional Trading of Sunnova Energy International

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of Sunnova Energy International by 55.2% in the 4th quarter. Invesco Ltd. now owns 6,082,399 shares of the company’s stock valued at $20,863,000 after acquiring an additional 2,162,379 shares during the last quarter. Amundi boosted its stake in shares of Sunnova Energy International by 11.2% during the fourth quarter. Amundi now owns 4,385,286 shares of the company’s stock valued at $14,988,000 after purchasing an additional 441,232 shares during the period. Electron Capital Partners LLC boosted its stake in shares of Sunnova Energy International by 1.0% during the fourth quarter. Electron Capital Partners LLC now owns 3,447,218 shares of the company’s stock valued at $11,824,000 after purchasing an additional 35,233 shares during the period. Geode Capital Management LLC grew its holdings in shares of Sunnova Energy International by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,583,179 shares of the company’s stock worth $8,862,000 after purchasing an additional 20,495 shares during the last quarter. Finally, CenterBook Partners LP purchased a new position in shares of Sunnova Energy International in the fourth quarter worth $8,565,000.

Sunnova Energy International Stock Down 6.5 %

Shares of NYSE:NOVA opened at $0.17 on Monday. Sunnova Energy International has a 1 year low of $0.17 and a 1 year high of $13.00. The company has a market capitalization of $21.64 million, a PE ratio of -0.05 and a beta of 2.89. The business has a fifty day moving average price of $0.76 and a two-hundred day moving average price of $3.05. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86.

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

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.