Sunnova Energy International’s (NOVA) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird restated their neutral rating on shares of Sunnova Energy International (NYSE:NOVA) in a report released on Monday morning, Marketbeat.com reports. The firm currently has a $2.00 target price on the stock, down from their prior target price of $9.00.

Several other research analysts have also issued reports on the company. Barclays dropped their price objective on Sunnova Energy International from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Susquehanna lowered Sunnova Energy International from a “positive” rating to a “neutral” rating and lowered their target price for the company from $14.00 to $4.50 in a research note on Friday, January 10th. Morgan Stanley lowered their target price on Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Royal Bank of Canada lowered Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a research note on Monday, December 9th. Finally, BNP Paribas lowered Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 target price for the company. in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, twenty-three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Sunnova Energy International currently has a consensus rating of “Hold” and an average price target of $5.39.

Sunnova Energy International Stock Performance

Sunnova Energy International stock opened at $0.55 on Monday. 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 stock has a fifty day moving average price of $2.70 and a two-hundred day moving average price of $5.49. Sunnova Energy International has a 52-week low of $0.47 and a 52-week high of $13.00. The firm has a market capitalization of $68.22 million, a P/E ratio of -0.16 and a beta of 2.64.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($2.17). Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The company had revenue of $224.13 million for the quarter, compared to analyst estimates of $235.85 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. As a group, analysts anticipate that Sunnova Energy International will post -2.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunnova Energy International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOVA. Cibc World Markets Corp bought a new position in Sunnova Energy International during the fourth quarter worth about $35,000. Crux Wealth Advisors bought a new position in Sunnova Energy International during the fourth quarter worth about $35,000. Two Sigma Advisers LP bought a new position in Sunnova Energy International during the fourth quarter worth about $35,000. Integrated Wealth Concepts LLC bought a new position in Sunnova Energy International during the fourth quarter worth about $40,000. Finally, Teza Capital Management LLC bought a new position in Sunnova Energy International during the fourth quarter worth about $48,000.

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.