Robert W. Baird Cuts Sunnova Energy International (NYSE:NOVA) Price Target to $12.00

Sunnova Energy International (NYSE:NOVA) had its target price cut by Robert W. Baird from $14.00 to $12.00 in a research report report published on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

NOVA has been the topic of several other research reports. Truist Financial cut their price objective on Sunnova Energy International from $16.00 to $9.00 and set a buy rating on the stock in a research report on Tuesday, April 30th. Wells Fargo & Company reaffirmed an equal weight rating and issued a $6.00 price objective (down previously from $11.00) on shares of Sunnova Energy International in a research report on Friday, April 19th. Janney Montgomery Scott raised Sunnova Energy International from a neutral rating to a buy rating and set a $12.00 price objective on the stock in a research report on Friday, March 22nd. B. Riley cut their price objective on Sunnova Energy International from $21.00 to $15.00 and set a buy rating on the stock in a research report on Monday, April 22nd. Finally, Scotiabank cut their price objective on Sunnova Energy International from $20.00 to $10.00 and set a sector outperform rating on the stock in a research report on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $16.71.

Sunnova Energy International Stock Performance

NYSE NOVA opened at $4.67 on Friday. The company has a market cap of $578.99 million, a P/E ratio of -1.39 and a beta of 2.15. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.74 and a current ratio of 0.74. The business’s 50 day moving average price is $5.05 and its 200-day moving average price is $9.09. Sunnova Energy International has a fifty-two week low of $3.37 and a fifty-two week high of $24.56.

Sunnova Energy International (NYSE:NOVA) last released its earnings results on Wednesday, May 1st. The company reported ($0.57) earnings per share for the quarter, beating the consensus estimate of ($0.79) by $0.22. The firm had revenue of $160.90 million for the quarter, compared to the consensus estimate of $193.78 million. Sunnova Energy International had a negative return on equity of 12.10% and a negative net margin of 56.52%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.70) EPS. Sell-side analysts predict that Sunnova Energy International will post -2.39 earnings per share for the current year.

Insider Buying and Selling at Sunnova Energy International

In other news, insider Paul S. Mathews sold 9,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $5.31, for a total value of $50,445.00. Following the completion of the transaction, the insider now directly owns 14,007 shares in the company, valued at $74,377.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Akbar Mohamed bought 152,450 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $6.92 per share, with a total value of $1,054,954.00. Following the completion of the acquisition, the director now directly owns 236,139 shares in the company, valued at $1,634,081.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul S. Mathews sold 9,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $5.31, for a total value of $50,445.00. Following the sale, the insider now directly owns 14,007 shares in the company, valued at $74,377.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,580 shares of company stock worth $137,382. 4.50% of the stock is owned by insiders.

Institutional Trading of Sunnova Energy International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in Sunnova Energy International by 43.6% during the first quarter. SG Americas Securities LLC now owns 35,168 shares of the company’s stock worth $216,000 after acquiring an additional 10,682 shares during the period. Kayne Anderson Capital Advisors LP acquired a new stake in Sunnova Energy International in the first quarter valued at approximately $1,846,000. GSA Capital Partners LLP grew its holdings in Sunnova Energy International by 100.5% in the first quarter. GSA Capital Partners LLP now owns 109,710 shares of the company’s stock valued at $673,000 after purchasing an additional 55,000 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Sunnova Energy International by 129.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,788 shares of the company’s stock valued at $72,000 after purchasing an additional 6,661 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Sunnova Energy International by 7.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,766 shares of the company’s stock valued at $630,000 after purchasing an additional 6,751 shares during the period.

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.