In yesterday’s Wall Street session, Sunnova Energy International Inc. (NYSE:NOVA) shares traded at $16.18, up 0.25% from the previous session.
As of this writing, 25 analysts cover Sunnova Energy International Inc. (NYSE:NOVA). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $63.00 and a low of $19.00, we find $31.00. Given the previous closing price of $16.14, this indicates a potential upside of 92.07 percent. NOVA stock price is now 4.06% away from the 50-day moving average and -17.87% away from the 200-day moving average. The market capitalization of the company currently stands at $2.01B.
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There are 3 analysts who have given it a hold rating, whereas 19 have given it a buy rating. Brokers who have rated the stock have averaged $33.87 as their price target over the next twelve months.
In other news, Mohamed Akbar, Director bought 10,000 shares of the company’s stock on May 19. The stock was bought for $143,700 at an average price of $14.37. Upon completion of the transaction, the Director now directly owns 83,689 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 31, See Remarks Berger William J bought 600 shares of the business’s stock. A total of $9,348 was incurred on buying the stock at an average price of $15.58. This leaves the insider owning 293,325 shares of the company worth $4.75 million. Insiders disposed of 368,096 shares of company stock worth roughly $5.96 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NOVA stock. A new stake in Sunnova Energy International Inc. shares was purchased by DECADE RENEWABLE PARTNERS LP during the first quarter worth $7,995,000. AGF INVESTMENTS INC. invested $5,987,000 in shares of NOVA during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in Sunnova Energy International Inc. valued at approximately $5,949,000. MIZUHO MARKETS CAYMAN LP acquired a new stake in NOVA for approximately $4,968,000. GREAT LAKES ADVISORS, LLC purchased a new stake in NOVA valued at around $3,373,000 in the second quarter. In total, there are 387 active investors with 124.99% ownership of the company’s stock.
Thursday morning saw Sunnova Energy International Inc. (NYSE: NOVA) opened at $16.12. During the past 12 months, Sunnova Energy International Inc. has had a low of $12.46 and a high of $31.47. As of last week, the company has a debt-to-equity ratio of 4.56, a current ratio of 1.60, and a quick ratio of 1.20. The fifty day moving average price for NOVA is $15.57 and a two-hundred day moving average price translates $19.64 for the stock.
The latest earnings results from Sunnova Energy International Inc. (NYSE: NOVA) was released for Mar, 2023. According to the Solar Company, earnings per share came in at -$0.7, missing analysts’ expectations of -$0.65 by -0.05. This compares to -$0.19 EPS in the same period last year. The net profit margin was -32.00% and return on equity was -16.40% for NOVA. The company reported revenue of $161.7 million for the quarter, compared to $65.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 146.03 percent. For the current quarter, analysts expect NOVA to generate $196.66M in revenue.
Sunnova Energy International Inc.(NOVA) Company Profile
Sunnova Energy International Inc. provides 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 diagnostics services. As of December 31, 2022, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,627 megawatts serving over 279,000 customers. Sunnova Energy International Inc. was incorporated in 2012 and is headquartered in Houston, Texas.
