Sunnova Energy International (NYSE:NOVA) PT Raised to $12.00

Sunnova Energy International (NYSE:NOVA) had its target price lifted by equities researchers at Susquehanna from $10.00 to $12.00 in a report issued on Monday, Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 60.43% from the company’s previous close.

A number of other research firms also recently weighed in on NOVA. Scotiabank decreased their price objective on Sunnova Energy International from $20.00 to $10.00 and set a “sector outperform” rating on the stock in a report on Monday, April 29th. Evercore ISI decreased their price objective on Sunnova Energy International from $26.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Robert W. Baird decreased their price objective on Sunnova Energy International from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Truist Financial decreased their price objective on Sunnova Energy International from $16.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $6.00 target price (down from $11.00) on shares of Sunnova Energy International in a report on Friday, April 19th. Eight analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.73.

Sunnova Energy International Trading Up 8.1 %

Shares of NOVA opened at $7.48 on Monday. Sunnova Energy International has a 12-month low of $3.37 and a 12-month high of $24.56. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of $927.37 million, a price-to-earnings ratio of -2.22 and a beta of 2.19. The stock’s 50-day moving average price is $5.30 and its 200 day moving average price is $6.89.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.57) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.22. The company had revenue of $160.90 million for the quarter, compared to the consensus estimate of $193.78 million. Sunnova Energy International had a negative return on equity of 12.10% and a negative net margin of 56.52%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.70) earnings per share. As a group, research analysts predict that Sunnova Energy International will post -1.85 earnings per share for the current year.

Institutional Trading of Sunnova Energy International

Several institutional investors and hedge funds have recently made changes to their positions in NOVA. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Sunnova Energy International in the 1st quarter valued at $25,000. Manchester Capital Management LLC increased its position in shares of Sunnova Energy International by 2,959.7% in the 4th quarter. Manchester Capital Management LLC now owns 1,897 shares of the company’s stock valued at $29,000 after buying an additional 1,835 shares in the last quarter. Peoples Bank KS bought a new stake in shares of Sunnova Energy International in the 2nd quarter valued at $56,000. Caxton Associates LP bought a new stake in shares of Sunnova Energy International in the 1st quarter valued at $62,000. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of Sunnova Energy International in the 1st quarter valued at $66,000.

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.