Stocks of Sunnova Energy International Inc (NYSE:NOVA) traded higher last session on Wall Street, down -13.01% to $3.41.
NOVA stock price is now -21.30% away from the 50-day moving average and -44.44% away from the 200-day moving average. The market capitalization of the company currently stands at $426.09M.
With the price target maintained at $4.50, Susquehanna recently Downgraded its rating from Positive to Neutral for Sunnova Energy International Inc (NYSE: NOVA). On December 19, 2024, TD Cowen recently initiated its ‘Hold’ rating on the stock quoting a target price of $5, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, ROBERTSON CORBIN J III, Director bought 35,000 shares of the company’s stock on Nov 19 ’24. The stock was bought for $124,498 at an average price of $3.56. Upon completion of the transaction, the Director now directly owns 120,048 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Director Mohamed Akbar bought 50,000 shares of the business’s stock. A total of $177,960 was incurred on buying the stock at an average price of $3.56. This leaves the insider owning 402,654 shares of the company worth $1.37 million. A total of 13.06% of the company’s stock is owned by insiders.
During the past 12 months, Sunnova Energy International Inc has had a low of $2.99 and a high of $13.08. As of last week, the company has a debt-to-equity ratio of 4.64, a current ratio of 0.86, and a quick ratio of 0.73. The fifty day moving average price for NOVA is $4.3328 and a two-hundred day moving average price translates $6.1378 for the stock.
The latest earnings results from Sunnova Energy International Inc (NYSE: NOVA) was released for 2024-09-30. The net profit margin was -51.02% and return on equity was -24.77% for NOVA. The company reported revenue of $235.29 million for the quarter, compared to $198.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.6 percent.
