Sunnova Energy International (NYSE:NOVA) Downgraded by Capital One Financial to Equal Weight

Capital One Financial cut shares of Sunnova Energy International (NYSE:NOVA) from an overweight rating to an equal weight rating in a research report report published on Monday morning, Marketbeat.com reports.

A number of other equities research analysts have also recently issued reports on the company. Wells Fargo & Company dropped their price objective on Sunnova Energy International from $8.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Guggenheim cut Sunnova Energy International from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird dropped their price objective on Sunnova Energy International from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Jefferies Financial Group cut Sunnova Energy International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $9.00 to $2.00 in a research note on Friday, February 7th. Finally, Royal Bank of Canada lowered Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sunnova Energy International has an average rating of “Hold” and a consensus price target of $5.39.

Sunnova Energy International Trading Down 19.1 %

NYSE NOVA opened at $0.55 on Monday. The stock has a market capitalization of $68.22 million, a price-to-earnings ratio of -0.16 and a beta of 2.64. The stock’s 50 day moving average price is $2.70 and its two-hundred day moving average price is $5.49. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. Sunnova Energy International has a 52 week low of $0.47 and a 52 week high of $13.00.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The company had revenue of $224.13 million for the quarter, compared to the consensus estimate of $235.85 million. During the same quarter in the prior year, the company earned $0.37 EPS. As a group, analysts anticipate that Sunnova Energy International will post -2.63 earnings per share for the current fiscal year.

Institutional Trading of Sunnova Energy International

Several large investors have recently modified their holdings of the stock. Erste Asset Management GmbH bought a new stake in shares of Sunnova Energy International during the 3rd quarter worth $76,550,000. Sylebra Capital LLC lifted its position in shares of Sunnova Energy International by 125.6% during the 3rd quarter. Sylebra Capital LLC now owns 12,443,048 shares of the company’s stock worth $121,195,000 after buying an additional 6,926,399 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of Sunnova Energy International during the 4th quarter worth $8,565,000. Invesco Ltd. lifted its position in shares of Sunnova Energy International by 55.2% during the 4th quarter. Invesco Ltd. now owns 6,082,399 shares of the company’s stock worth $20,863,000 after buying an additional 2,162,379 shares during the last quarter. Finally, Capital Fund Management S.A. lifted its position in shares of Sunnova Energy International by 456.4% during the 4th quarter. Capital Fund Management S.A. now owns 1,737,569 shares of the company’s stock worth $5,960,000 after buying an additional 1,425,281 shares during the last quarter.

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.