Stocks of Sunnova Energy International Inc (NYSE:NOVA) traded higher last session on Wall Street, up 6.43% to $4.47.
NOVA stock price is now -53.68% away from the 50-day moving average and -65.51% away from the 200-day moving average. The market capitalization of the company currently stands at $547.49M.
With the price target reduced from $24 to $14, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Sunnova Energy International Inc (NYSE: NOVA). , while ‘Northland Capital’ rates the stock as ‘Market Perform’
In other news, Berger William J, insider sold 35,126 shares of the company’s stock on Mar 11 ’24. The stock was sold for $200,921 at an average price of $5.72. Upon completion of the transaction, the insider now directly owns 407,940 shares in the company, valued at $1.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, Grasso Michael P sold 15,262 shares of the business’s stock. A total of $85,162 was realized by selling the stock at an average price of $5.58. This leaves the insider owning 61,008 shares of the company worth $0.27 million. A total of 13.49% of the company’s stock is owned by insiders.
During the past 12 months, Sunnova Energy International Inc has had a low of $3.80 and a high of $24.56. As of last week, the company has a debt-to-equity ratio of 4.93, a current ratio of 0.85, and a quick ratio of 0.72. The fifty day moving average price for NOVA is $9.4474 and a two-hundred day moving average price translates $12.8960 for the stock.
The latest earnings results from Sunnova Energy International Inc (NYSE: NOVA) was released for Dec, 2023. According to the Solar Company, earnings per share came in at -$1.53, missing analysts’ expectations of -$0.18 by -1.35. This compares to -$0.54 EPS in the same period last year. The net profit margin was -58.00% and return on equity was -29.85% for NOVA. The company reported revenue of $194.18 million for the quarter, compared to $195.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.72 percent. For the current quarter, analysts expect NOVA to generate $198.39M in revenue.
