In yesterday’s Wall Street session, Sunnova Energy International Inc (NYSE:NOVA) shares traded at $10.51, up 4.06% from the previous session.
As of this writing, 28 analysts cover Sunnova Energy International Inc (NYSE:NOVA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $58.00 and a low of $10.00, we find $17.50. Given the previous closing price of $10.10, this indicates a potential upside of 73.27 percent. NOVA stock price is now -4.58% away from the 50-day moving average and -32.91% away from the 200-day moving average. The market capitalization of the company currently stands at $1.29B.
There are 7 analysts who have given it a hold rating, whereas 18 have given it a buy rating. Brokers who have rated the stock have averaged $20.08 as their price target over the next twelve months.
With the price target of $14, Exane BNP Paribas recently initiated with Neutral rating for Sunnova Energy International Inc (NYSE: NOVA).
In other news, Berger William J, insider sold 47,150 shares of the company’s stock on Aug 01. The stock was sold for $841,991 at an average price of $17.86. Upon completion of the transaction, the insider now directly owns 365,222 shares in the company, valued at $3.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19, Director Mohamed Akbar bought 10,000 shares of the business’s stock. A total of $143,700 was incurred on buying the stock at an average price of $14.37. This leaves the insider owning 83,689 shares of the company worth $0.88 million. Insiders disposed of 152,908 shares of company stock worth roughly $1.61 million over the past 1 year. A total of 13.37% of the company’s stock is owned by insiders.
During the past 12 months, Sunnova Energy International Inc has had a low of $7.61 and a high of $24.82. As of last week, the company has a debt-to-equity ratio of 4.62, a current ratio of 1.14, and a quick ratio of 0.99. The fifty day moving average price for NOVA is $10.97 and a two-hundred day moving average price translates $15.62 for the stock.
The latest earnings results from Sunnova Energy International Inc (NYSE: NOVA) was released for Sep, 2023. According to the Solar Company, earnings per share came in at -$0.74, missing analysts’ expectations of -$0.42 by -0.32. This compares to -$0.28 EPS in the same period last year. The net profit margin was -34.79% and return on equity was -17.92% for NOVA. The company reported revenue of $198.4 million for the quarter, compared to $149.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.83 percent. For the current quarter, analysts expect NOVA to generate $203.01M 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.
