Sunnova Energy International (NYSE:NOVA) Rating Lowered to “Hold” at Baird R W

Baird R W downgraded shares of Sunnova Energy International (NYSE:NOVA) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

NOVA has been the topic of several other research reports. Capital One Financial lowered shares of Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a research note on Monday. Piper Sandler dropped their price objective on shares of Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group lowered shares of Sunnova Energy International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $9.00 to $2.00 in a research note on Friday, February 7th. Janney Montgomery Scott lowered shares of Sunnova Energy International from a “buy” rating to a “neutral” rating and set a $1.00 price objective on the stock. in a research note on Tuesday. Finally, Susquehanna cut shares of Sunnova Energy International from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $14.00 to $4.50 in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $6.59.

Sunnova Energy International Stock Performance

Shares of NOVA stock opened at $0.67 on Monday. Sunnova Energy International has a 12 month low of $0.47 and a 12 month high of $13.00. 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 firm has a market capitalization of $83.84 million, a P/E ratio of -0.20 and a beta of 2.28. The company’s fifty day moving average price is $2.76 and its two-hundred day moving average price is $5.52.

Sunnova Energy International (NYSE:NOVA) last issued its earnings results on Monday, March 3rd. The company reported ($2.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). The company had revenue of $224.13 million during the quarter, compared to analyst estimates of $235.85 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. During the same quarter last year, the company posted $0.37 EPS. On average, research analysts anticipate that Sunnova Energy International will post -2.63 earnings per share for the current fiscal year.

Institutional Trading of Sunnova Energy International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. boosted its position in shares of Sunnova Energy International by 11.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 19,373 shares of the company’s stock valued at $189,000 after acquiring an additional 2,016 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Sunnova Energy International by 37,400.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock valued at $308,000 after acquiring an additional 2,992 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of Sunnova Energy International by 11.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 32,200 shares of the company’s stock valued at $314,000 after acquiring an additional 3,200 shares in the last quarter. PFG Investments LLC boosted its position in shares of Sunnova Energy International by 37.0% during the 4th quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock valued at $63,000 after acquiring an additional 4,955 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Sunnova Energy International by 38.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,490 shares of the company’s stock valued at $70,000 after acquiring an additional 5,662 shares in 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.