Stocks of Sunnova Energy International Inc (NYSE:NOVA) traded higher last session on Wall Street, down -8.75% to $8.66.
According to the data, Sunnova Energy International Inc (NYSE:NOVA) has 28 analysts covering its stock. 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 $9.49, this indicates a potential upside of 84.4 percent. NOVA stock price is now -18.91% away from the 50-day moving average and -43.87% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
Elon Musk just Triggered a BOOM in These Stocks
Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"
Click Here to Download the FREE Report.
Sponsored
A total of 7 analysts have issued a hold rating and 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 $3.16 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 $0.72 million. Insiders disposed of 152,908 shares of company stock worth roughly $1.32 million over the past 1 year. A total of 13.37% of the company’s stock is owned by insiders.
Friday’s opening bell rang with an opening price of $9.40 for Sunnova Energy International Inc (NYSE: NOVA). 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 $10.57 and a two-hundred day moving average price translates $15.38 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.
