Sunnova Energy International (NYSE:NOVA) Price Target Raised to $14.00 at Susquehanna

Sunnova Energy International (NYSE:NOVA) had its price target lifted by Susquehanna from $12.00 to $14.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a positive rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler cut shares of Sunnova Energy International from an overweight rating to a neutral rating and cut their price objective for the stock from $9.00 to $4.50 in a research report on Tuesday, May 21st. Morgan Stanley lowered their target price on Sunnova Energy International from $14.00 to $10.00 and set an equal weight rating for the company in a research note on Friday, June 14th. Evercore ISI lowered their target price on Sunnova Energy International from $26.00 to $17.00 and set an outperform rating for the company in a research note on Friday, May 3rd. The Goldman Sachs Group lowered their target price on Sunnova Energy International from $14.00 to $12.00 and set a buy rating for the company in a research note on Thursday, April 11th. Finally, Mizuho lowered their price objective on Sunnova Energy International from $21.00 to $17.00 and set a buy rating for the company in a research note on Friday, April 19th. Eight analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $15.00.

Sunnova Energy International Price Performance

Shares of Sunnova Energy International stock traded down $0.31 during trading on Friday, reaching $7.99. The company’s stock had a trading volume of 9,154,063 shares, compared to its average volume of 8,315,148. The business’s 50-day moving average price is $6.13 and its 200-day moving average price is $6.45. Sunnova Energy International has a 52 week low of $3.37 and a 52 week high of $17.69. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 3.41.

Sunnova Energy International (NYSE:NOVA) last announced its earnings results on Wednesday, July 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.27. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 9.28%. The company had revenue of $219.60 million during the quarter, compared to analysts’ expectations of $220.38 million. During the same quarter in the previous year, the business posted ($0.74) earnings per share. Sunnova Energy International’s quarterly revenue was up 32.0% on a year-over-year basis. On average, research analysts predict that Sunnova Energy International will post -1.89 earnings per share for the current year.

Insider Buying and Selling

In other news, insider William J. Berger 48,413 shares of Sunnova Energy International stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sunnova Energy International

A number of large investors have recently modified their holdings of NOVA. Vanguard Group Inc. lifted its holdings in shares of Sunnova Energy International by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 10,270,487 shares of the company’s stock worth $107,532,000 after purchasing an additional 379,032 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Sunnova Energy International by 53.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 101,823 shares of the company’s stock worth $1,553,000 after acquiring an additional 35,338 shares during the last quarter. Ballentine Partners LLC purchased a new position in Sunnova Energy International during the 4th quarter worth $161,000. DekaBank Deutsche Girozentrale boosted its holdings in Sunnova Energy International by 8.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 20,898 shares of the company’s stock worth $325,000 after acquiring an additional 1,554 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Sunnova Energy International during the 4th quarter worth $157,000.

About Sunnova Energy International

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.