XTX Topco Ltd Invests $875,000 in Sunnova Energy International Inc. (NYSE:NOVA)

XTX Topco Ltd purchased a new stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 89,854 shares of the company’s stock, valued at approximately $875,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NOVA. Paloma Partners Management Co bought a new stake in shares of Sunnova Energy International in the third quarter worth approximately $151,000. Erste Asset Management GmbH purchased a new position in shares of Sunnova Energy International in the third quarter worth $76,550,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Sunnova Energy International by 4.2% in the third quarter. Rockefeller Capital Management L.P. now owns 262,339 shares of the company’s stock worth $2,555,000 after buying an additional 10,520 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Sunnova Energy International by 3.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 371,095 shares of the company’s stock worth $3,614,000 after purchasing an additional 13,314 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Sunnova Energy International in the third quarter worth $2,376,000.

Sunnova Energy International Price Performance

Shares of NYSE NOVA opened at $4.31 on Wednesday. Sunnova Energy International Inc. has a one year low of $2.99 and a one year high of $16.35. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a fifty day moving average of $5.37 and a 200 day moving average of $6.97. The firm has a market cap of $538.55 million, a PE ratio of -1.29 and a beta of 2.22.

Sunnova Energy International (NYSE:NOVA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.45). The company had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $238.23 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.53) earnings per share. As a group, research analysts predict that Sunnova Energy International Inc. will post -2.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Akbar Mohamed acquired 54,717 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $3.80 per share, with a total value of $207,924.60. Following the completion of the acquisition, the director now owns 302,654 shares of the company’s stock, valued at $1,150,085.20. The trade was a 22.07 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric Michael Williams acquired 13,800 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $3.60 per share, with a total value of $49,680.00. Following the completion of the acquisition, the chief financial officer now directly owns 13,800 shares of the company’s stock, valued at approximately $49,680. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 118,517 shares of company stock worth $439,605. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler cut 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 report on Friday, November 22nd. Robert W. Baird cut their price target on shares of Sunnova Energy International from $18.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Citigroup lowered their price objective on shares of Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. BMO Capital Markets restated a “market perform” rating and issued a $8.00 price target (down from $10.00) on shares of Sunnova Energy International in a report on Friday, November 1st. Finally, Guggenheim cut shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.73.

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.