Sunnova Energy International (NYSE:NOVA) PT Raised to $14.00 at Robert W. Baird

Sunnova Energy International (NYSE:NOVA) had its target price raised by Robert W. Baird from $12.00 to $14.00 in a research report released on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

NOVA has been the subject of a number of other research reports. B. Riley decreased their price objective on shares of Sunnova Energy International from $21.00 to $15.00 and set a buy rating for the company in a report on Monday, April 22nd. Susquehanna boosted their target price on Sunnova Energy International from $12.00 to $14.00 and gave the company a positive rating in a research note on Friday. KeyCorp lowered Sunnova Energy International from an overweight rating to a sector weight rating in a research report on Tuesday, April 23rd. Morgan Stanley decreased their price objective on Sunnova Energy International from $14.00 to $10.00 and set an equal weight rating for the company in a research report on Friday, June 14th. Finally, Guggenheim lifted their price target on shares of Sunnova Energy International from $7.00 to $10.00 and gave the company a buy rating in a research note on Friday, July 26th. Eight analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $14.72.

Sunnova Energy International Trading Down 4.9 %

Shares of NYSE:NOVA traded down $0.39 during trading on Friday, hitting $7.60. 5,401,557 shares of the company’s stock were exchanged, compared to its average volume of 8,480,284. Sunnova Energy International has a 1-year low of $3.37 and a 1-year high of $16.78. The firm has a market cap of $942.26 million, a P/E ratio of -2.32 and a beta of 2.19. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 3.41. The firm has a 50-day moving average price of $6.13 and a two-hundred day moving average price of $6.40.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.27. Sunnova Energy International had a negative return on equity of 9.28% and a negative net margin of 45.76%. The business had revenue of $219.60 million for the quarter, compared to analyst estimates of $220.38 million. During the same period last year, the company earned ($0.74) EPS. The firm’s revenue was up 32.0% on a year-over-year basis. Equities analysts predict that Sunnova Energy International will post -1.89 earnings per share for the current year.

Insider Buying and Selling

In related news, insider William J. Berger 48,413 shares of the firm’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sunnova Energy International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Sunnova Energy International by 2.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 45,491 shares of the company’s stock worth $663,000 after purchasing an additional 1,094 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Sunnova Energy International by 8.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 20,898 shares of the company’s stock worth $325,000 after buying an additional 1,554 shares during the last quarter. First Affirmative Financial Network lifted its holdings in Sunnova Energy International by 12.9% in the second quarter. First Affirmative Financial Network now owns 14,829 shares of the company’s stock valued at $83,000 after buying an additional 1,691 shares during the period. Manchester Capital Management LLC grew its holdings in Sunnova Energy International by 2,959.7% during the 4th quarter. Manchester Capital Management LLC now owns 1,897 shares of the company’s stock worth $29,000 after acquiring an additional 1,835 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Sunnova Energy International by 23.2% in the 4th quarter. Victory Capital Management Inc. now owns 14,310 shares of the company’s stock worth $218,000 after acquiring an additional 2,694 shares in the last quarter.

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.