Sunnova Energy International (NYSE:NOVA) Given New $10.00 Price Target at BMO Capital Markets

Sunnova Energy International (NYSE:NOVA) had its price target boosted by BMO Capital Markets from $9.00 to $10.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Sunnova Energy International from $12.00 to $14.00 and gave the stock an outperform rating in a research report on Friday, August 2nd. Scotiabank raised their price target on shares of Sunnova Energy International from $10.00 to $14.00 and gave the company a sector outperform rating in a research report on Tuesday, August 6th. Royal Bank of Canada raised their price target on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company an outperform rating in a research report on Monday, August 5th. Guggenheim raised their price target on shares of Sunnova Energy International from $7.00 to $10.00 and gave the company a buy rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group raised their price target on shares of Sunnova Energy International from $10.00 to $13.00 and gave the company a buy rating in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $12.75.

Sunnova Energy International Price Performance

NOVA stock opened at $6.33 on Monday. The stock has a market capitalization of $784.81 million, a PE ratio of -1.88 and a beta of 2.21. The company’s 50-day moving average is $9.50 and its 200-day moving average is $6.83. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.97 and a quick ratio of 0.97. Sunnova Energy International has a 1 year low of $3.37 and a 1 year high of $16.35.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.27. The company had revenue of $219.60 million for the quarter, compared to analysts’ expectations of $220.38 million. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 8.85%. The business’s revenue was up 32.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.74) EPS. Equities research analysts expect that Sunnova Energy International will post -1.86 EPS for the current fiscal year.

Insider Activity at Sunnova Energy International

In related news, insider William J. Berger sold 77,000 shares of Sunnova Energy International stock in a transaction that occurred 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. First Affirmative Financial Network boosted its holdings in Sunnova Energy International by 12.9% in the 2nd quarter. First Affirmative Financial Network now owns 14,829 shares of the company’s stock valued at $83,000 after purchasing an additional 1,691 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Sunnova Energy International by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,487 shares of the company’s stock valued at $315,000 after purchasing an additional 3,559 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Sunnova Energy International by 14.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 33,033 shares of the company’s stock valued at $202,000 after purchasing an additional 4,200 shares during the period. Sei Investments Co. boosted its holdings in Sunnova Energy International by 9.8% in the 2nd quarter. Sei Investments Co. now owns 68,846 shares of the company’s stock valued at $384,000 after purchasing an additional 6,117 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Sunnova Energy International by 129.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,788 shares of the company’s stock worth $72,000 after acquiring an additional 6,661 shares during the last quarter.

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.