Wolverine Asset Management LLC Buys 126,986 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Wolverine Asset Management LLC boosted its stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 50.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 378,109 shares of the company’s stock after purchasing an additional 126,986 shares during the quarter. Wolverine Asset Management LLC owned about 0.30% of Sunnova Energy International worth $1,297,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NOVA. Creative Planning acquired a new position in shares of Sunnova Energy International during the third quarter worth approximately $107,000. International Assets Investment Management LLC lifted its holdings in shares of Sunnova Energy International by 37,400.0% during the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after buying an additional 2,992 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Sunnova Energy International by 15.9% during the third quarter. Ballentine Partners LLC now owns 21,515 shares of the company’s stock worth $210,000 after buying an additional 2,956 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sunnova Energy International during the third quarter worth approximately $260,000. Finally, PFG Investments LLC acquired a new position in shares of Sunnova Energy International in the third quarter valued at $130,000.

Sunnova Energy International Price Performance

Shares of NOVA stock opened at $1.95 on Friday. The stock’s fifty day moving average is $3.09 and its 200-day moving average is $5.84. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $243.03 million, a PE ratio of -0.58 and a beta of 2.28. Sunnova Energy International Inc. has a 52 week low of $1.85 and a 52 week high of $13.00.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NOVA shares. Guggenheim lowered Sunnova Energy International from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company cut their target price on Sunnova Energy International from $8.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Wolfe Research lowered Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. TD Cowen started coverage on Sunnova Energy International in a research note on Thursday, December 19th. They issued a “hold” rating and a $5.00 target price for the company. Finally, Jefferies Financial Group lowered Sunnova Energy International from a “buy” rating to a “hold” rating and cut their target price for the company from $9.00 to $2.00 in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Sunnova Energy International presently has an average rating of “Hold” and a consensus price target of $9.03.

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.