Susquehanna Boosts Sunnova Energy International (NYSE:NOVA) Price Target to $14.00

Sunnova Energy International (NYSE:NOVA) had its price target boosted by Susquehanna from $12.00 to $14.00 in a report published on Friday, Benzinga reports. They currently have a positive rating on the stock.

A number of other analysts have also recently weighed in on the company. Scotiabank decreased their price objective on Sunnova Energy International from $20.00 to $10.00 and set a sector outperform rating for the company in a research report on Monday, April 29th. Robert W. Baird lowered their price objective on shares of Sunnova Energy International from $14.00 to $12.00 and set an outperform rating on the stock in a research report on Friday, May 3rd. Truist Financial raised their target price on shares of Sunnova Energy International from $9.00 to $10.00 and gave the stock a buy rating in a research note on Monday, July 29th. Barclays lowered their target price on shares of Sunnova Energy International from $18.00 to $12.00 and set an overweight rating on the stock in a report on Tuesday, July 23rd. Finally, BMO Capital Markets cut their price target on shares of Sunnova Energy International from $10.00 to $6.00 and set a market perform rating for the company in a report on Friday, May 3rd. Eight equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $14.84.

Sunnova Energy International Stock Performance

Shares of NOVA stock traded down $0.46 during trading hours on Friday, hitting $7.25. The stock had a trading volume of 3,270,367 shares, compared to its average volume of 8,465,164. The stock’s 50 day moving average is $6.20 and its 200 day moving average is $6.38. The firm has a market capitalization of $898.87 million, a PE ratio of -2.20 and a beta of 2.19. Sunnova Energy International has a twelve month low of $3.37 and a twelve month high of $16.78. The company has a debt-to-equity ratio of 3.41, a current ratio of 0.74 and a quick ratio of 0.74.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.27. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 9.28%. The company had revenue of $219.60 million for the quarter, compared to analyst estimates of $220.38 million. During the same period in the previous year, the business posted ($0.74) earnings per share. Sunnova Energy International’s quarterly revenue was up 32.0% on a year-over-year basis. As a group, research analysts forecast that Sunnova Energy International will post -1.89 earnings per share for the current fiscal year.

Insider Transactions at Sunnova Energy International

In other news, insider William J. Berger 48,413 shares of the business’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sunnova Energy International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ballentine Partners LLC bought a new stake in Sunnova Energy International during the 4th quarter worth $161,000. Vanguard Group Inc. increased its stake in shares of Sunnova Energy International by 3.8% in the third quarter. Vanguard Group Inc. now owns 10,270,487 shares of the company’s stock valued at $107,532,000 after buying an additional 379,032 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Sunnova Energy International by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 842,130 shares of the company’s stock valued at $12,842,000 after buying an additional 61,953 shares during the last quarter. Van ECK Associates Corp boosted its position in Sunnova Energy International by 124.4% during the 4th quarter. Van ECK Associates Corp now owns 1,563,320 shares of the company’s stock worth $23,841,000 after buying an additional 866,705 shares during the period. Finally, Quest Partners LLC bought a new stake in Sunnova Energy International during the 4th quarter worth approximately $199,000.

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.