Capital One Financial Estimates NOVA FY2024 Earnings

Sunnova Energy International Inc. (NYSE:NOVA) – Equities researchers at Capital One Financial issued their FY2024 EPS estimates for Sunnova Energy International in a research note issued on Tuesday, December 31st. Capital One Financial analyst W. Suki anticipates that the company will earn ($3.57) per share for the year. The consensus estimate for Sunnova Energy International’s current full-year earnings is ($2.44) per share. Capital One Financial also issued estimates for Sunnova Energy International’s Q4 2024 earnings at ($1.74) EPS, Q1 2025 earnings at ($0.96) EPS, Q2 2025 earnings at ($0.76) EPS, Q3 2025 earnings at ($0.67) EPS, Q4 2025 earnings at ($0.82) EPS and FY2025 earnings at ($3.22) EPS.

A number of other brokerages have also recently commented on NOVA. Royal Bank of Canada cut Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a research report on Monday, December 9th. Wolfe Research cut shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Citigroup lowered their target price on shares of Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Piper Sandler dropped their price objective on Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating for the company in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.24.

Sunnova Energy International Stock Up 16.6 %

NOVA opened at $4.00 on Friday. Sunnova Energy International has a twelve month low of $2.99 and a twelve month high of $14.83. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The company’s 50-day moving average price is $4.41 and its two-hundred day moving average price is $6.80. The stock has a market cap of $499.81 million, a price-to-earnings ratio of -1.19 and a beta of 2.22.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings results 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%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.53) earnings per share.

Insider Buying and Selling at Sunnova Energy International

In other Sunnova Energy International news, Director Akbar Mohamed purchased 54,717 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $3.80 per share, with a total value of $207,924.60. Following the acquisition, the director now owns 302,654 shares in the company, valued at approximately $1,150,085.20. This trade represents a 22.07 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric Michael Williams acquired 13,800 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $3.60 per share, with a total value of $49,680.00. Following the transaction, the chief financial officer now owns 13,800 shares of the company’s stock, valued at approximately $49,680. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 118,517 shares of company stock worth $439,605. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Sunnova Energy International

Hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC grew its stake in Sunnova Energy International by 237.8% in the second quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock worth $70,000 after purchasing an additional 8,800 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Sunnova Energy International in the 2nd quarter worth $78,000. AE Wealth Management LLC acquired a new stake in Sunnova Energy International in the second quarter worth about $81,000. GAMMA Investing LLC grew its position in Sunnova Energy International by 736.3% during the 3rd quarter. GAMMA Investing LLC now owns 8,756 shares of the company’s stock worth $85,000 after purchasing an additional 7,709 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in Sunnova Energy International by 72.2% in the 2nd quarter. Ballentine Partners LLC now owns 18,559 shares of the company’s stock worth $104,000 after acquiring an additional 7,783 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.