Handelsbanken Fonder AB Sells 417,794 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Handelsbanken Fonder AB reduced its position in Sunnova Energy International Inc. (NYSE:NOVA) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,881,651 shares of the company’s stock after selling 417,794 shares during the quarter. Handelsbanken Fonder AB owned approximately 5.51% of Sunnova Energy International worth $23,604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOVA. International Assets Investment Management LLC increased its position in shares of Sunnova Energy International by 37,400.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after purchasing an additional 2,992 shares in the last quarter. Creative Planning acquired a new stake in shares of Sunnova Energy International during the third quarter worth approximately $107,000. PFG Investments LLC acquired a new stake in shares of Sunnova Energy International during the third quarter worth approximately $130,000. Kempner Capital Management Inc. bought a new position in shares of Sunnova Energy International in the fourth quarter valued at approximately $51,000. Finally, Paloma Partners Management Co acquired a new position in shares of Sunnova Energy International in the 3rd quarter worth approximately $151,000.

Sunnova Energy International Trading Down 1.6 %

NOVA opened at $2.04 on Friday. The firm’s fifty day moving average is $3.13 and its two-hundred day moving average is $5.89. The firm has a market cap of $254.52 million, a PE ratio of -0.61 and a beta of 2.28. Sunnova Energy International Inc. has a twelve month low of $1.85 and a twelve month high of $13.00. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Piper Sandler lowered their target price on Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Robert W. Baird lowered their price objective on shares of Sunnova Energy International from $12.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. BNP Paribas downgraded shares of Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 target price for the company. in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on shares of Sunnova Energy International from $14.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Susquehanna cut shares of Sunnova Energy International from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $14.00 to $4.50 in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.03.

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.