Analysts Set Sunnova Energy International Inc. (NYSE:NOVA) PT at $9.03

Sunnova Energy International Inc. (NYSE:NOVA) has earned an average rating of “Hold” from the twenty-nine brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.39.

A number of equities research analysts have recently issued reports on NOVA shares. Wells Fargo & Company downgraded shares of Sunnova Energy International from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $4.00 to $0.50 in a research report on Tuesday, March 4th. Susquehanna downgraded shares of Sunnova Energy International from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $4.50 in a report on Friday, January 10th. UBS Group downgraded shares of Sunnova Energy International from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $5.00 to $0.65 in a report on Tuesday, March 4th. Baird R W downgraded shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, TD Cowen assumed coverage on shares of Sunnova Energy International in a research report on Thursday, December 19th. They set a “hold” rating and a $5.00 target price on the stock.

Sunnova Energy International Price Performance

Shares of NYSE NOVA opened at $0.50 on Friday. Sunnova Energy International has a twelve month low of $0.47 and a twelve month high of $13.00. The firm has a market cap of $62.85 million, a P/E ratio of -0.15 and a beta of 2.64. The company has a 50 day moving average of $2.57 and a 200 day moving average of $5.36. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26.

Sunnova Energy International (NYSE:NOVA) last announced its earnings results on Monday, March 3rd. The company reported ($2.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company had revenue of $224.13 million for the quarter, compared to analysts’ expectations of $235.85 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, research analysts expect that Sunnova Energy International will post -2.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC increased its holdings in Sunnova Energy International by 37,400.0% in the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock valued at $308,000 after buying an additional 2,992 shares in the last quarter. Cibc World Markets Corp purchased a new position in Sunnova Energy International in the fourth quarter valued at $35,000. Two Sigma Advisers LP purchased a new position in Sunnova Energy International in the fourth quarter valued at $35,000. Crux Wealth Advisors purchased a new stake in shares of Sunnova Energy International during the fourth quarter worth about $35,000. Finally, Creative Planning purchased a new stake in shares of Sunnova Energy International during the third quarter worth about $107,000.

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.