Sunnova Energy International (NYSE:NOVA) Coverage Initiated at Jefferies Financial Group

Research analysts at Jefferies Financial Group assumed coverage on shares of Sunnova Energy International (NYSE:NOVA) in a research note issued on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $15.00 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 128.31% from the stock’s current price.

NOVA has been the topic of a number of other research reports. The Goldman Sachs Group increased their price objective on shares of Sunnova Energy International from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Susquehanna boosted their price target on Sunnova Energy International from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Barclays lowered their price objective on shares of Sunnova Energy International from $18.00 to $12.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 23rd. Morgan Stanley upped their target price on shares of Sunnova Energy International from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, August 21st. Finally, Scotiabank raised their target price on Sunnova Energy International from $10.00 to $14.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 6th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.57.

Sunnova Energy International Stock Up 1.1 %

Sunnova Energy International stock opened at $6.57 on Thursday. The firm has a market cap of $820.33 million, a price-to-earnings ratio of -2.27 and a beta of 2.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 3.11. Sunnova Energy International has a 12 month low of $3.37 and a 12 month high of $16.35. The stock has a fifty day simple moving average of $9.53 and a two-hundred day simple moving average of $6.82.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.27. The company had revenue of $219.60 million during the quarter, compared to the consensus estimate of $220.38 million. Sunnova Energy International had a negative return on equity of 8.85% and a negative net margin of 45.76%. Sunnova Energy International’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same period last year, the company earned ($0.74) EPS. Equities analysts predict that Sunnova Energy International will post -1.86 EPS for the current fiscal year.

Insider Activity at Sunnova Energy International

In other Sunnova Energy International news, insider William J. Berger sold 77,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $11.31, for a total value of $870,870.00. Following the sale, the insider now owns 409,045 shares in the company, valued at $4,626,298.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sunnova Energy International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Sunnova Energy International by 2.3% in the 4th quarter. Wellington Management Group LLP now owns 343,267 shares of the company’s stock worth $5,235,000 after acquiring an additional 7,571 shares during the last quarter. Vanguard Group Inc. lifted its position in Sunnova Energy International by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 10,486,392 shares of the company’s stock valued at $159,917,000 after purchasing an additional 215,905 shares during the last quarter. First Trust Direct Indexing L.P. purchased a new position in shares of Sunnova Energy International in the 1st quarter worth $66,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Sunnova Energy International by 7.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,766 shares of the company’s stock worth $630,000 after buying an additional 6,751 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of 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.

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.