Virtu Financial LLC Makes New Investment in Sunnova Energy International Inc. (NYSE:NOVA)

Virtu Financial LLC purchased a new position in Sunnova Energy International Inc. (NYSE:NOVAFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 44,504 shares of the company’s stock, valued at approximately $433,000.

Several other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Sunnova Energy International by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,562,684 shares of the company’s stock worth $24,965,000 after purchasing an additional 88,945 shares during the period. Sylebra Capital LLC lifted its holdings in shares of Sunnova Energy International by 125.6% in the third 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 in the last quarter. XTX Topco Ltd purchased a new stake in shares of Sunnova Energy International in the third quarter worth about $875,000. Paloma Partners Management Co bought a new position in shares of Sunnova Energy International in the third quarter valued at approximately $151,000. Finally, Erste Asset Management GmbH purchased a new position in Sunnova Energy International during the third quarter valued at approximately $76,550,000.

Insider Activity at Sunnova Energy International

In related news, Director Akbar Mohamed acquired 54,717 shares of Sunnova Energy International stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of $3.80 per share, with a total value of $207,924.60. Following the transaction, the director now owns 302,654 shares in the company, valued at $1,150,085.20. This trade represents a 22.07 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Michael Williams bought 13,800 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $3.60 per share, with a total value of $49,680.00. Following the completion of the transaction, the chief financial officer now owns 13,800 shares in the company, valued at approximately $49,680. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 118,517 shares of company stock worth $439,605 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $8.00 price target (down from $10.00) on shares of Sunnova Energy International in a report on Friday, November 1st. Morgan Stanley dropped their price objective on Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Barclays decreased their target price on Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Royal Bank of Canada downgraded Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a research report on Monday, December 9th. Finally, Piper Sandler decreased their price objective on shares of Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.73.

Get Our Latest Stock Analysis on NOVA

Sunnova Energy International Stock Down 1.7 %

Shares of NYSE NOVA opened at $4.02 on Monday. The firm’s fifty day moving average is $5.05 and its 200 day moving average is $6.96. Sunnova Energy International Inc. has a 52 week low of $2.99 and a 52 week high of $16.35. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The company has a market cap of $502.31 million, a price-to-earnings ratio of -1.20 and a beta of 2.22.

Sunnova Energy International (NYSE:NOVAGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). The firm had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $238.23 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. Sunnova Energy International’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.53) EPS. On average, equities research analysts expect that Sunnova Energy International Inc. will post -2.44 earnings per share for the current year.

Sunnova Energy International Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding NOVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunnova Energy International Inc. (NYSE:NOVAFree Report).

Institutional Ownership by Quarter for Sunnova Energy International (NYSE:NOVA)

Receive News & Ratings for Sunnova Energy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunnova Energy International and related companies with MarketBeat.com's FREE daily email newsletter.