Insider Buying: Sunnova Energy International Inc. (NYSE:NOVA) Director Acquires 54,717 Shares of Stock

Sunnova Energy International Inc. (NYSE:NOVA) Director Akbar Mohamed bought 54,717 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $3.80 per share, with a total value of $207,924.60. Following the completion of the purchase, the director now owns 302,654 shares in the company, valued at approximately $1,150,085.20. This represents a 22.07 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Akbar Mohamed also recently made the following trade(s):

• On Monday, November 18th, Akbar Mohamed acquired 50,000 shares of Sunnova Energy International stock. The shares were purchased at an average cost of $3.64 per share, with a total value of $182,000.00.

Sunnova Energy International Price Performance

NYSE NOVA opened at $4.28 on Friday. The company’s 50 day simple moving average is $6.79 and its 200 day simple moving average is $6.88. 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 $534.77 million, a PE ratio of -1.28 and a beta of 2.26. Sunnova Energy International Inc. has a 12 month low of $2.99 and a 12 month high of $16.35.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company had revenue of $235.30 million for the quarter, compared to analyst estimates of $238.23 million. During the same quarter last year, the company posted ($0.53) EPS. Sunnova Energy International’s revenue was up 18.6% on a year-over-year basis. As a group, equities research analysts forecast that Sunnova Energy International Inc. will post -2.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NOVA. Scotiabank raised their price objective on shares of Sunnova Energy International from $10.00 to $14.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 6th. Jefferies Financial Group assumed coverage on Sunnova Energy International in a report on Thursday, October 10th. They issued a “buy” rating and a $15.00 price target for the company. Citigroup reduced their price objective on Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Robert W. Baird dropped their price objective on Sunnova Energy International from $18.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Royal Bank of Canada upped their target price on shares of Sunnova Energy International from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Sunnova Energy International has an average rating of “Moderate Buy” and a consensus price target of $10.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Sunnova Energy International in the 3rd quarter worth approximately $433,000. Geode Capital Management LLC lifted its position in Sunnova Energy International by 3.6% in the third quarter. Geode Capital Management LLC now owns 2,562,684 shares of the company’s stock worth $24,965,000 after purchasing an additional 88,945 shares during the period. Sylebra Capital LLC increased its stake in Sunnova Energy International by 125.6% in the third quarter. Sylebra Capital LLC now owns 12,443,048 shares of the company’s stock valued at $121,195,000 after acquiring an additional 6,926,399 shares during the period. XTX Topco Ltd acquired a new stake in Sunnova Energy International in the 3rd quarter valued at $875,000. Finally, Paloma Partners Management Co acquired a new position in shares of Sunnova Energy International in the 3rd quarter worth approximately $151,000.

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.