Quadrature Capital Ltd Purchases 187,299 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Quadrature Capital Ltd raised its position in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 461.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,873 shares of the company’s stock after acquiring an additional 187,299 shares during the quarter. Quadrature Capital Ltd owned approximately 0.18% of Sunnova Energy International worth $1,397,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NOVA. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Sunnova Energy International during the 1st quarter valued at approximately $25,000. Manchester Capital Management LLC boosted its position in shares of Sunnova Energy International by 2,959.7% in the 4th quarter. Manchester Capital Management LLC now owns 1,897 shares of the company’s stock worth $29,000 after purchasing an additional 1,835 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new stake in shares of Sunnova Energy International in the 1st quarter worth approximately $66,000. BI Asset Management Fondsmaeglerselskab A S increased its position in Sunnova Energy International by 129.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,788 shares of the company’s stock valued at $72,000 after buying an additional 6,661 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in Sunnova Energy International by 110.7% during the first quarter. Headlands Technologies LLC now owns 21,725 shares of the company’s stock valued at $133,000 after buying an additional 11,413 shares during the last quarter.

Sunnova Energy International Stock Performance

Shares of NYSE:NOVA traded up $0.50 during midday trading on Friday, hitting $8.04. The company had a trading volume of 7,118,900 shares, compared to its average volume of 6,964,725. The company has a debt-to-equity ratio of 3.41, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $996.80 million, a price-to-earnings ratio of -2.39 and a beta of 2.19. Sunnova Energy International Inc. has a 12-month low of $3.37 and a 12-month high of $19.56. The company has a fifty day moving average of $5.79 and a two-hundred day moving average of $6.58.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.57) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.22. Sunnova Energy International had a negative return on equity of 12.10% and a negative net margin of 56.52%. The business had revenue of $160.90 million during the quarter, compared to analyst estimates of $193.78 million. During the same quarter in the prior year, the business posted ($0.70) EPS. Sunnova Energy International’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that Sunnova Energy International Inc. will post -1.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NOVA shares. The Goldman Sachs Group cut their target price on Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Barclays reduced their price objective on shares of Sunnova Energy International from $18.00 to $12.00 and set an “overweight” rating for the company in a research note on Tuesday. Piper Sandler lowered shares of Sunnova Energy International from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $9.00 to $4.50 in a research note on Tuesday, May 21st. KeyCorp lowered shares of Sunnova Energy International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 23rd. Finally, Scotiabank reduced their price objective on shares of Sunnova Energy International from $20.00 to $10.00 and set a “sector outperform” rating for the company in a research note on Monday, April 29th. Eight research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.04.

Sunnova Energy International Company Profile

Sunnova Energy International Inc engages in the provision of 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 solar energy system and energy storage system diagnostics services.