In Friday’s Wall Street session, Sunnova Energy International Inc (NYSE:NOVA) shares traded at $1.90, unchanged from the previous session.
NOVA stock price is now -44.07% away from the 50-day moving average and -67.86% away from the 200-day moving average. The market capitalization of the company currently stands at $237.40M.
With the price target reduced from $9 to $2, Jefferies Downgraded its rating from Buy to Hold for Sunnova Energy International Inc (NYSE: NOVA). On January 10, 2025, Susquehanna Downgraded its previous ‘Positive’ rating to ‘Neutral’ on the stock keeping its target price maintained at $4.50, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, Mathews Paul S, Officer bought 562 shares of the company’s stock on Feb 03 ’25. The stock was bought for $1,036 at an average price of $1.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Director ROBERTSON CORBIN J III bought 35,000 shares of the business’s stock. A total of $124,498 was incurred on buying the stock at an average price of $3.56. This leaves the insider owning 120,048 shares of the company worth $0.23 million. A total of 7.78% of the company’s stock is owned by insiders.
During the past 12 months, Sunnova Energy International Inc has had a low of $1.86 and a high of $13.00. 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 $3.3968 and a two-hundred day moving average price translates $5.91215 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. For the current quarter, analysts expect NOVA to generate $235.84M in revenue.
