Sunnova Energy International Inc. (NYSE:NOVA) Shares Sold by Swedbank AB

Swedbank AB cut its position in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 7.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 286,652 shares of the company’s stock after selling 22,795 shares during the period. Swedbank AB owned 0.23% of Sunnova Energy International worth $2,792,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of NOVA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Sunnova Energy International by 56.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,142,487 shares of the company’s stock worth $78,915,000 after buying an additional 5,118,552 shares in the last quarter. Vanguard Group Inc. raised its holdings in Sunnova Energy International by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 10,568,045 shares of the company’s stock valued at $64,782,000 after buying an additional 81,653 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Sunnova Energy International by 9.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company’s stock worth $71,097,000 after purchasing an additional 611,452 shares during the period. Sylebra Capital LLC acquired a new position in Sunnova Energy International during the second quarter worth $30,783,000. Finally, Electron Capital Partners LLC boosted its holdings in Sunnova Energy International by 24.5% during the 2nd quarter. Electron Capital Partners LLC now owns 3,004,938 shares of the company’s stock valued at $16,768,000 after acquiring an additional 591,514 shares during the period.

Insider Buying and Selling

In other Sunnova Energy International news, insider William J. Berger sold 77,000 shares of Sunnova Energy International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $11.31, for a total transaction of $870,870.00. Following the completion of the sale, the insider now owns 409,045 shares of the company’s stock, valued at $4,626,298.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

NOVA has been the subject of a number of analyst reports. Guggenheim boosted their price objective on Sunnova Energy International from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Piper Sandler increased their price objective on Sunnova Energy International from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Truist Financial raised their price target on Sunnova Energy International from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Morgan Stanley boosted their price objective on shares of Sunnova Energy International from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 21st. Finally, Barclays reduced their price target on Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Sunnova Energy International presently has a consensus rating of “Moderate Buy” and an average price target of $12.60.

Sunnova Energy International Stock Down 1.0 %

Shares of NYSE:NOVA opened at $5.74 on Friday. The stock has a market capitalization of $711.66 million, a P/E ratio of -1.70 and a beta of 2.21. Sunnova Energy International Inc. has a 1 year low of $3.37 and a 1 year high of $16.35. The stock has a 50-day simple moving average of $9.41 and a 200-day simple moving average of $6.82. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.97 and a current ratio of 0.97.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.27. The business had revenue of $219.60 million for the quarter, compared to analyst estimates of $220.38 million. Sunnova Energy International had a negative return on equity of 8.85% and a negative net margin of 45.76%. The business’s revenue was up 32.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.74) EPS. Equities analysts forecast that Sunnova Energy International Inc. will post -1.86 earnings per share for the current year.

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.