GSA Capital Partners LLP Acquires 28,931 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

GSA Capital Partners LLP raised its stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 28.4% during the 3rd quarter, Holdings Channel reports. The fund owned 130,741 shares of the company’s stock after purchasing an additional 28,931 shares during the period. GSA Capital Partners LLP’s holdings in Sunnova Energy International were worth $1,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Peoples Bank KS purchased a new position in Sunnova Energy International in the second quarter valued at about $56,000. Caxton Associates LP purchased a new position in shares of Sunnova Energy International in the 1st quarter worth approximately $62,000. Presidio Capital Management LLC bought a new position in shares of Sunnova Energy International during the 2nd quarter worth approximately $67,000. nVerses Capital LLC lifted its position in Sunnova Energy International by 237.8% during the second quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock valued at $70,000 after acquiring an additional 8,800 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Sunnova Energy International in the second quarter valued at approximately $78,000.

Insider Transactions at Sunnova Energy International

In related news, insider William J. Berger sold 77,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 409,045 shares of the company’s stock, valued at approximately $4,626,298.95. This represents a 15.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NOVA shares. Jefferies Financial Group began coverage on Sunnova Energy International in a research report on Thursday, October 10th. They set a “buy” rating and a $15.00 price target on the stock. Wells Fargo & Company increased their price target on Sunnova Energy International from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. Barclays lowered 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, October 16th. The Goldman Sachs Group upped their price objective on shares of Sunnova Energy International from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Citigroup lowered their target price on shares of Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.23.

Sunnova Energy International Stock Up 17.9 %

NOVA opened at $4.02 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. Sunnova Energy International Inc. has a twelve month low of $2.99 and a twelve month high of $16.35. The company has a market cap of $502.31 million, a PE ratio of -1.20 and a beta of 2.26. The company has a 50-day moving average price of $7.62 and a 200 day moving average price of $6.91.

Sunnova Energy International (NYSE:NOVA) last released its earnings results on Wednesday, October 30th. The company reported ($0.98) earnings per share 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 firm had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $238.23 million. During the same quarter last year, the business earned ($0.53) EPS. The business’s revenue was up 18.6% compared to the same quarter last year. Sell-side analysts expect that Sunnova Energy International Inc. will post -2.24 earnings per share for the current fiscal year.

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.