Sunnova Energy International Inc. (NYSE:NOVA) Given Average Recommendation of “Hold” by Analysts

Sunnova Energy International Inc. (NYSE:NOVA) has earned an average rating of “Hold” from the twenty-nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.39.

A number of equities research analysts have commented on NOVA shares. Royal Bank of Canada reduced their price target on Sunnova Energy International from $5.00 to $0.75 and set a “sector perform” rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lowered Sunnova Energy International from an “overweight” rating to a “neutral” rating in a research report on Monday, March 3rd. BMO Capital Markets cut their target price on Sunnova Energy International from $4.00 to $0.85 and set a “market perform” rating on the stock in a research report on Tuesday, March 4th. Truist Financial lowered Sunnova Energy International from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group lowered Sunnova Energy International from a “buy” rating to a “neutral” rating and cut their target price for the company from $10.00 to $1.00 in a research report on Tuesday, March 4th.

Sunnova Energy International Trading Down 3.3 %

NYSE NOVA opened at $0.50 on Friday. The business’s 50-day moving average price is $2.57 and its two-hundred day moving average price is $5.36. Sunnova Energy International has a 12 month low of $0.47 and a 12 month high of $13.00. The firm has a market capitalization of $62.85 million, a PE ratio of -0.15 and a beta of 2.64. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings results on Monday, March 3rd. The company reported ($2.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company had revenue of $224.13 million during the quarter, compared to the consensus estimate of $235.85 million. During the same quarter last year, the firm posted $0.37 EPS. On average, analysts expect that Sunnova Energy International will post -2.63 EPS for the current year.

Institutional Investors Weigh In On Sunnova Energy International

A number of institutional investors and hedge funds have recently made changes to their positions in NOVA. International Assets Investment Management LLC raised its position in 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 valued at $308,000 after purchasing an additional 2,992 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Sunnova Energy International in the fourth quarter worth about $35,000. Two Sigma Advisers LP bought a new stake in shares of Sunnova Energy International in the fourth quarter worth about $35,000. Crux Wealth Advisors bought a new stake in shares of Sunnova Energy International in the fourth quarter worth about $35,000. Finally, Creative Planning bought a new stake in shares of Sunnova Energy International in the third quarter worth about $107,000.

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.