Ballentine Partners LLC Acquires 7,783 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Ballentine Partners LLC grew its holdings in Sunnova Energy International Inc. (NYSE:NOVA) by 72.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,559 shares of the company’s stock after purchasing an additional 7,783 shares during the period. Ballentine Partners LLC’s holdings in Sunnova Energy International were worth $104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC grew its stake in Sunnova Energy International by 2,959.7% during the fourth quarter. Manchester Capital Management LLC now owns 1,897 shares of the company’s stock valued at $29,000 after acquiring an additional 1,835 shares in the last quarter. Peoples Bank KS purchased a new position in Sunnova Energy International during the second quarter valued at approximately $56,000. Caxton Associates LP purchased a new position in Sunnova Energy International during the first quarter valued at approximately $62,000. First Trust Direct Indexing L.P. purchased a new position in Sunnova Energy International during the first quarter valued at approximately $66,000. Finally, Presidio Capital Management LLC purchased a new position in Sunnova Energy International during the second quarter valued at approximately $67,000.

Sunnova Energy International Trading Down 4.2 %

NYSE:NOVA opened at $10.75 on Friday. The company has a fifty day moving average of $8.58 and a 200 day moving average of $6.27. Sunnova Energy International Inc. has a 52 week low of $3.37 and a 52 week high of $16.35. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 3.11. The firm has a market capitalization of $1.33 billion, a P/E ratio of -3.19 and a beta of 2.21.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.27. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 8.85%. The business had revenue of $219.60 million during the quarter, compared to analyst estimates of $220.38 million. During the same period in the prior year, the business earned ($0.74) EPS. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, research analysts predict that Sunnova Energy International Inc. will post -1.8 earnings per share for the current year.

Analysts Set New Price Targets

NOVA has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on shares of Sunnova Energy International from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Barclays cut their price target on shares of Sunnova Energy International from $18.00 to $12.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Robert W. Baird boosted their price target on shares of Sunnova Energy International from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price target on shares of Sunnova Energy International from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Guggenheim boosted their price target on shares of Sunnova Energy International from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Eight analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.26.

Insiders Place Their Bets

In other Sunnova Energy International news, insider William J. Berger sold 77,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $11.31, for a total value of $870,870.00. Following the completion of the transaction, the insider now directly owns 409,045 shares in the company, valued at approximately $4,626,298.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.50% of the company’s stock.

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.