Sunnova Energy International (NYSE:NOVA) Price Target Raised to $10.00

by · The Cerbat Gem

Sunnova Energy International (NYSE:NOVA – Free Report) had its price objective hoisted by BMO Capital Markets from $9.00 to $10.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other brokerages have also issued reports on NOVA. Scotiabank lifted their price target on Sunnova Energy International from $10.00 to $14.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 6th. Susquehanna upped their target price on Sunnova Energy International from $12.00 to $14.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Royal Bank of Canada lifted their price target on shares of Sunnova Energy International from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays lowered their price objective on shares of Sunnova Energy International from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group increased their target price on shares of Sunnova Energy International from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.60.

View Our Latest Stock Analysis on Sunnova Energy International

Sunnova Energy International Stock Down 7.3 %

Shares of NYSE:NOVA opened at $5.80 on Monday. The company has a market cap of $719.10 million, a price-to-earnings ratio of -1.72 and a beta of 2.21. Sunnova Energy International has a one year low of $3.37 and a one year high of $16.35. The firm has a fifty day moving average price of $9.43 and a two-hundred day moving average price of $6.82. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.97 and a quick ratio of 0.97.

Sunnova Energy International (NYSE:NOVA – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.27. The company had revenue of $219.60 million during the quarter, compared to analyst estimates of $220.38 million. Sunnova Energy International had a negative return on equity of 8.85% and a negative net margin of 45.76%. The firm’s quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.74) earnings per share. Analysts anticipate that Sunnova Energy International will post -1.86 EPS for the current fiscal year.

Insider Transactions at Sunnova Energy International

In other news, insider William J. Berger sold 77,000 shares of Sunnova Energy International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $11.31, for a total value of $870,870.00. Following the completion of the transaction, the insider now owns 409,045 shares of the company’s stock, valued at $4,626,298.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Trading of Sunnova Energy International

Several institutional investors have recently added to or reduced their stakes in the business. Peoples Bank KS purchased a new stake in Sunnova Energy International during the second quarter valued at $56,000. Caxton Associates LP bought a new stake in Sunnova Energy International during the first quarter valued at about $62,000. First Trust Direct Indexing L.P. bought a new position in shares of Sunnova Energy International in the first quarter worth about $66,000. Presidio Capital Management LLC purchased a new stake in shares of Sunnova Energy International during the second quarter worth about $67,000. Finally, nVerses Capital LLC raised its stake in Sunnova Energy International by 237.8% during the 2nd quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock valued at $70,000 after purchasing an additional 8,800 shares during the period.

About Sunnova Energy International

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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.

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