Sunnova Energy International Inc. (NYSE:NOVA) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. reduced its stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 36.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,061 shares of the company’s stock after selling 4,656 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Sunnova Energy International were worth $28,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new position in Sunnova Energy International in the second quarter worth about $78,000. AE Wealth Management LLC acquired a new position in shares of Sunnova Energy International in the 2nd quarter worth approximately $81,000. GAMMA Investing LLC increased its holdings in shares of Sunnova Energy International by 736.3% in the 3rd quarter. GAMMA Investing LLC now owns 8,756 shares of the company’s stock valued at $85,000 after acquiring an additional 7,709 shares during the last quarter. Creative Planning bought a new stake in shares of Sunnova Energy International in the 3rd quarter valued at approximately $107,000. Finally, PFG Investments LLC acquired a new stake in shares of Sunnova Energy International during the 3rd quarter valued at approximately $130,000.

Sunnova Energy International Trading Up 0.7 %

Shares of NYSE:NOVA opened at $3.23 on Monday. The company has a 50 day moving average of $4.01 and a 200-day moving average of $6.55. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. The firm has a market cap of $404.10 million, a P/E ratio of -0.97 and a beta of 2.29. Sunnova Energy International Inc. has a twelve month low of $2.64 and a twelve month high of $13.00.

Sunnova Energy International (NYSE:NOVA) last released its earnings results on Wednesday, October 30th. The company reported ($0.98) earnings per share 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 analyst estimates of $238.23 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. During the same quarter last year, the company earned ($0.53) earnings per share. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, analysts anticipate that Sunnova Energy International Inc. will post -2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on NOVA shares. The Goldman Sachs Group decreased their price objective on shares of Sunnova Energy International from $12.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, December 17th. BNP Paribas downgraded shares of Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price objective for the company. in a research report on Friday, November 8th. TD Cowen began coverage on shares of Sunnova Energy International in a research note on Thursday, December 19th. They set a “hold” rating and a $5.00 price objective on the stock. Barclays decreased their target price on Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.64.

Insider Activity

In other Sunnova Energy International news, CFO Eric Michael Williams acquired 13,800 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $3.60 per share, with a total value of $49,680.00. Following the purchase, the chief financial officer now directly owns 13,800 shares of the company’s stock, valued at approximately $49,680. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Akbar Mohamed bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $3.64 per share, with a total value of $182,000.00. Following the completion of the purchase, the director now owns 352,654 shares of the company’s stock, valued at approximately $1,283,660.56. The trade was a 16.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 118,517 shares of company stock worth $439,605 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

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.