Sunnova Energy International Inc. (NYSE:NOVA) Director Acquires 50,000 Shares

Sunnova Energy International Inc. (NYSE:NOVA) Director Akbar Mohamed purchased 50,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $3.64 per share, for a total transaction of $182,000.00. Following the acquisition, the director now owns 352,654 shares in the company, valued at approximately $1,283,660.56. This trade represents a 16.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Akbar Mohamed also recently made the following trade(s):

• On Friday, November 15th, Akbar Mohamed purchased 54,717 shares of Sunnova Energy International stock. The stock was acquired at an average price of $3.80 per share, with a total value of $207,924.60.

Sunnova Energy International Trading Down 5.6 %

Shares of NOVA stock traded down $0.21 during trading hours on Tuesday, hitting $3.45. 8,904,898 shares of the company’s stock traded hands, compared to its average volume of 8,309,697. The stock has a market cap of $430.46 million, a PE ratio of -1.03 and a beta of 2.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. Sunnova Energy International Inc. has a 12 month low of $2.99 and a 12 month high of $16.35. The stock’s 50 day simple moving average is $7.20 and its 200 day simple moving average is $6.92.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.45). Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The company had revenue of $235.30 million for the quarter, compared to analyst estimates of $238.23 million. During the same period last year, the business earned ($0.53) EPS. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Sunnova Energy International Inc. will post -2.24 EPS for the current year.

Wall Street Analyst Weigh In

NOVA has been the subject of several recent research reports. Royal Bank of Canada increased their price target on Sunnova Energy International from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Guggenheim downgraded shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their target price on Sunnova Energy International from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 6th. BMO Capital Markets reiterated a “market perform” rating and set a $8.00 price objective (down from $10.00) on shares of Sunnova Energy International in a research report on Friday, November 1st. Finally, Scotiabank boosted their price target on shares of Sunnova Energy International from $10.00 to $14.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.89.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Handelsbanken Fonder AB grew its stake in shares of Sunnova Energy International by 9.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company’s stock worth $71,097,000 after acquiring an additional 611,452 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Sunnova Energy International by 23.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 357,781 shares of the company’s stock valued at $1,996,000 after purchasing an additional 67,749 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Sunnova Energy International in the 2nd quarter worth approximately $1,042,000. International Assets Investment Management LLC grew its position in Sunnova Energy International by 37,400.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after acquiring an additional 2,992 shares during the last quarter. Finally, Sylebra Capital LLC purchased a new position in shares of Sunnova Energy International in the second quarter worth $30,783,000.

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.