In yesterday’s Wall Street session, Sunnova Energy International Inc (NYSE:NOVA) shares traded at $5.56, up 3.15% from the previous session.
NOVA stock price is now -34.60% away from the 50-day moving average and -55.56% away from the 200-day moving average. The market capitalization of the company currently stands at $680.99M.
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With the price target maintained at $12, Janney recently Upgraded its rating from Neutral to Buy for Sunnova Energy International Inc (NYSE: NOVA). On March 04, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $24 to quote $14, while ‘Janney’ rates the stock as ‘Neutral’
In other news, Grasso Michael P, insider sold 7,409 shares of the company’s stock on Mar 25 ’24. The stock was sold for $43,639 at an average price of $5.89. Upon completion of the transaction, the insider now directly owns 67,579 shares in the company, valued at $0.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’24, LANE ROBERT LAWRENCE sold 6,710 shares of the business’s stock. A total of $39,522 was realized by selling the stock at an average price of $5.89. This leaves the insider owning 141,529 shares of the company worth $0.79 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 $8.38 and a two-hundred day moving average price translates $12.45 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.
