Sunnova Energy International Inc. (NYSE:NOVA) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,562,684 shares of the company’s stock after purchasing an additional 88,945 shares during the period. Geode Capital Management LLC’s holdings in Sunnova Energy International were worth $24,965,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NOVA. Sylebra Capital LLC increased its holdings in Sunnova Energy International by 125.6% in the third quarter. Sylebra Capital LLC now owns 12,443,048 shares of the company’s stock worth $121,195,000 after buying an additional 6,926,399 shares during the last quarter. Erste Asset Management GmbH bought a new stake in Sunnova Energy International in the third quarter worth approximately $76,550,000. Handelsbanken Fonder AB increased its stake 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 last quarter. Electron Capital Partners LLC raised its holdings in shares of 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 purchasing an additional 591,514 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Sunnova Energy International by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 901,433 shares of the company’s stock valued at $8,780,000 after purchasing an additional 134,065 shares during the last quarter.

Insiders Place Their Bets

In other news, CFO Eric Michael Williams bought 13,800 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $3.60 per share, for a total transaction of $49,680.00. Following the transaction, the chief financial officer now directly owns 13,800 shares of the company’s stock, valued at $49,680. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Akbar Mohamed purchased 54,717 shares of Sunnova Energy International stock in a transaction on Friday, November 15th. The stock was purchased at an average price of $3.80 per share, for a total transaction of $207,924.60. Following the completion of the transaction, the director now owns 302,654 shares of the company’s stock, valued at approximately $1,150,085.20. This represents a 22.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 118,517 shares of company stock worth $439,605 over the last quarter. Company insiders own 4.50% of the company’s stock.

Sunnova Energy International Stock Down 4.9 %

Shares of NOVA stock opened at $3.49 on Friday. The stock has a market cap of $436.09 million, a P/E ratio of -1.04 and a beta of 2.22. 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 stock has a fifty day moving average price of $4.51 and a 200 day moving average price of $6.83. Sunnova Energy International Inc. has a one year low of $2.99 and a one year high of $16.25.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). The business had revenue of $235.30 million for the quarter, compared to the consensus estimate of $238.23 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. Sunnova Energy International’s revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.53) earnings per share. Analysts predict that Sunnova Energy International Inc. will post -2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on NOVA. The Goldman Sachs Group lowered their target price on shares of Sunnova Energy International from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, December 17th. BNP Paribas lowered Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price objective on the stock. in a report on Friday, November 8th. Piper Sandler reduced their target price on Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, November 22nd. TD Cowen initiated coverage on Sunnova Energy International in a report on Thursday, December 19th. They set a “hold” rating and a $5.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.24.

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.