PFG Investments LLC Purchases 4,955 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

PFG Investments LLC lifted its position in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 37.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,345 shares of the company’s stock after acquiring an additional 4,955 shares during the quarter. PFG Investments LLC’s holdings in Sunnova Energy International were worth $63,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NOVA. Sei Investments Co. increased its stake in shares of Sunnova Energy International by 9.8% in the second quarter. Sei Investments Co. now owns 68,846 shares of the company’s stock worth $384,000 after purchasing an additional 6,117 shares in the last quarter. ProShare Advisors LLC raised its holdings in Sunnova Energy International by 29.9% during the 2nd quarter. ProShare Advisors LLC now owns 42,893 shares of the company’s stock valued at $239,000 after acquiring an additional 9,884 shares during the period. AQR Capital Management LLC lifted its position in shares of Sunnova Energy International by 362.3% during the second quarter. AQR Capital Management LLC now owns 104,419 shares of the company’s stock worth $583,000 after acquiring an additional 81,830 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Sunnova Energy International by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 56,487 shares of the company’s stock worth $315,000 after acquiring an additional 3,559 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Sunnova Energy International in the second quarter valued at $2,851,000.

Sunnova Energy International Stock Performance

Shares of Sunnova Energy International stock opened at $2.57 on Friday. Sunnova Energy International Inc. has a 1 year low of $2.55 and a 1 year high of $13.00. The firm’s 50-day moving average is $3.89 and its 200 day moving average is $6.41. The stock has a market cap of $321.12 million, a price-to-earnings ratio of -0.77 and a beta of 2.29. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86.

Sunnova Energy International (NYSE:NOVA) last issued its earnings results on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.45). Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The business had revenue of $235.30 million for the quarter, compared to analysts’ expectations of $238.23 million. During the same quarter in the prior year, the business posted ($0.53) earnings per share. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. Sell-side analysts anticipate that Sunnova Energy International Inc. will post -2.57 EPS for the current fiscal year.

Analyst Ratings Changes

NOVA has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on Sunnova Energy International in a research note on Thursday, October 10th. They issued a “buy” rating and a $15.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced 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 research note on Friday, November 1st. Citigroup cut their price target on shares of Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. BNP Paribas cut Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 target price for the company. in a research report on Friday, November 8th. Finally, Susquehanna downgraded Sunnova Energy International from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $4.50 in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.60.

Insiders Place Their Bets

In other news, Director Akbar Mohamed acquired 50,000 shares of Sunnova Energy International stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $3.64 per share, for a total transaction of $182,000.00. Following the completion of the transaction, the director now owns 352,654 shares in the company, valued at $1,283,660.56. The trade was a 16.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric Michael Williams bought 13,800 shares of the company’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $3.60 per share, for a total transaction of $49,680.00. Following the completion of the transaction, the chief financial officer now directly owns 13,800 shares of the company’s stock, valued at approximately $49,680. The trade was a ? increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 118,517 shares of company stock valued at $439,605. 4.50% of the stock is owned by insiders.

Sunnova Energy International 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.