Brokerages Set Sunnova Energy International Inc. (NYSE:NOVA) Price Target at $5.39

Shares of Sunnova Energy International Inc. (NYSE:NOVA) have been given an average rating of “Hold” by the twenty-nine research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, twenty-three have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $5.37.

NOVA has been the topic of a number of research reports. JPMorgan Chase & Co. lowered Sunnova Energy International from an “overweight” rating to a “neutral” rating in a report on Monday, March 3rd. Guggenheim raised shares of Sunnova Energy International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Citigroup lowered shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 13th. Baird R W downgraded shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, BMO Capital Markets lowered their target price on Sunnova Energy International from $4.00 to $0.85 and set a “market perform” rating on the stock in a report on Tuesday, March 4th.

Sunnova Energy International Stock Up 6.1 %

NOVA opened at $0.35 on Thursday. The company has a market cap of $43.75 million, a PE ratio of -0.10 and a beta of 2.64. Sunnova Energy International has a twelve month low of $0.25 and a twelve month high of $13.00. The company has a 50-day moving average price of $1.43 and a 200 day moving average price of $4.04. 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 (NYSE:NOVA) last posted its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) EPS for the quarter, missing the consensus estimate of ($0.79) by ($2.17). The firm had revenue of $224.13 million for the quarter, compared to analysts’ expectations of $235.85 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. During the same quarter last year, the firm posted $0.37 earnings per share. Sell-side analysts expect that Sunnova Energy International will post -2.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Peapack Gladstone Financial Corp raised its holdings in shares of Sunnova Energy International by 11.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 32,200 shares of the company’s stock valued at $314,000 after buying an additional 3,200 shares during the period. PFG Investments LLC increased its stake in Sunnova Energy International by 37.0% during the fourth quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock worth $63,000 after purchasing an additional 4,955 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Sunnova Energy International by 38.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,490 shares of the company’s stock worth $70,000 after purchasing an additional 5,662 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Sunnova Energy International by 5.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,796 shares of the company’s stock worth $421,000 after purchasing an additional 6,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Sunnova Energy International by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 908,997 shares of the company’s stock valued at $3,118,000 after purchasing an additional 7,564 shares during the period.

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.