Sunnova Energy International (NASDAQ:NOVA) had its target price raised by equities research analysts at KeyCorp from $18.00 to $28.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 11.96% from the stock’s current price.
NOVA has been the subject of a number of other research reports. Roth Capital boosted their price objective on shares of Sunnova Energy International from $22.00 to $28.00 and gave the company a “buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. increased their price target on Sunnova Energy International from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Credit Suisse Group raised Sunnova Energy International from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $13.50 to $21.50 in a report on Monday, June 15th. LADENBURG THALM/SH SH reissued a “buy” rating and set a $16.00 target price (down from $22.00) on shares of Sunnova Energy International in a report on Friday, April 3rd. Finally, Zacks Investment Research downgraded Sunnova Energy International from a “buy” rating to a “hold” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $21.32.
Sunnova Energy International stock opened at $25.01 on Friday. The company’s 50-day moving average price is $19.41 and its two-hundred day moving average price is $14.99. Sunnova Energy International has a twelve month low of $6.12 and a twelve month high of $25.67.
In related news, insider Stuart D. Allen sold 64,800 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $19.09, for a total value of $1,237,032.00. Following the sale, the insider now owns 90,012 shares of the company’s stock, valued at $1,718,329.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert Lawrence Lane acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average price of $16.50 per share, with a total value of $49,500.00. Following the completion of the acquisition, the insider now directly owns 18,000 shares of the company’s stock, valued at $297,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 8,650 shares of company stock worth $128,479 and have sold 6,314,713 shares worth $99,994,500.
Institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its position in Sunnova Energy International by 143.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,715 shares of the company’s stock valued at $27,000 after purchasing an additional 1,600 shares during the period. Citigroup Inc. lifted its holdings in Sunnova Energy International by 536.8% in the fourth quarter. Citigroup Inc. now owns 2,751 shares of the company’s stock valued at $31,000 after buying an additional 2,319 shares during the period. Legal & General Group Plc boosted its position in Sunnova Energy International by 83.9% during the first quarter. Legal & General Group Plc now owns 4,259 shares of the company’s stock valued at $43,000 after acquiring an additional 1,943 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Sunnova Energy International during the fourth quarter valued at $79,000. Finally, Two Sigma Investments LP acquired a new stake in Sunnova Energy International during the 1st quarter worth about $123,000.
About Sunnova Energy International
Sunnova Energy International Inc focuses on operating as a holding company for Sunnova Energy Corporation that provides residential solar and energy storage services in the United States, Puerto Rico, and the Northern Mariana Islands. Its services include operations and maintenance, monitoring, repairs and replacements, equipment upgrades, onsite power optimization, and diagnostics.
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