Teilinger Capital Ltd. Purchases Shares of 1,045,991 Sunnova Energy International Inc. (NYSE:NOVA)

Teilinger Capital Ltd. purchased a new stake in Sunnova Energy International Inc. (NYSE:NOVA) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,045,991 shares of the company’s stock, valued at approximately $3,588,000. Sunnova Energy International comprises about 0.6% of Teilinger Capital Ltd.’s portfolio, making the stock its 11th largest position.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings 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 buying an additional 2,992 shares during the last quarter. Creative Planning acquired a new stake in shares of Sunnova Energy International during the 3rd quarter worth $107,000. PFG Investments LLC acquired a new stake in shares of Sunnova Energy International during the 3rd quarter worth $130,000. Kempner Capital Management Inc. acquired a new stake in shares of Sunnova Energy International during the 4th quarter worth $51,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Sunnova Energy International during the 3rd quarter worth $151,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NOVA shares. The Goldman Sachs Group dropped their price objective on Sunnova Energy International from $12.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, December 17th. Wolfe Research downgraded Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Royal Bank of Canada downgraded Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a report on Monday, December 9th. Robert W. Baird decreased their price target 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. Finally, TD Cowen started coverage on shares of Sunnova Energy International in a research report on Thursday, December 19th. They set a “hold” rating and a $5.00 price target for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.03.

Sunnova Energy International Stock Performance

NYSE:NOVA opened at $1.67 on Friday. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50-day moving average of $2.89 and a two-hundred day moving average of $5.66. The stock has a market cap of $208.05 million, a P/E ratio of -0.50 and a beta of 2.28. Sunnova Energy International Inc. has a 1-year low of $1.64 and a 1-year high of $13.00.

Sunnova Energy International 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.