Sunnova Energy International Inc. (NYSE:NOVA) Director Purchases $182,000.00 in Stock

Sunnova Energy International Inc. (NYSE:NOVA) Director Akbar Mohamed bought 50,000 shares of Sunnova Energy International stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $3.64 per share, with a total value of $182,000.00. Following the purchase, the director now directly owns 352,654 shares in the company, valued at $1,283,660.56. The trade was a 16.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, November 15th, Akbar Mohamed acquired 54,717 shares of Sunnova Energy International stock. The stock was acquired at an average price of $3.80 per share, for a total transaction of $207,924.60.

Sunnova Energy International Price Performance

NYSE NOVA opened at $3.45 on Wednesday. The company’s 50 day simple moving average is $7.06 and its 200 day simple moving average is $6.91. 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 $430.46 million, a PE ratio of -1.03 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 released its earnings results on Wednesday, October 30th. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). The business had revenue of $235.30 million during the quarter, compared to the consensus estimate of $238.23 million. Sunnova Energy International had a negative return on equity of 11.15% and a negative net margin of 51.02%. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.53) earnings per share. As a group, equities research analysts forecast that Sunnova Energy International Inc. will post -2.24 EPS for the current fiscal year.

Institutional Trading of Sunnova Energy International

Several large investors have recently added to or reduced their stakes in NOVA. Peoples Bank KS acquired a new position in shares of Sunnova Energy International in the 2nd quarter valued at about $56,000. Caxton Associates LP purchased a new position in Sunnova Energy International during the first quarter valued at approximately $62,000. Presidio Capital Management LLC acquired a new position in Sunnova Energy International in the 2nd quarter valued at approximately $67,000. nVerses Capital LLC lifted its position in Sunnova Energy International by 237.8% in the 2nd quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock worth $70,000 after buying an additional 8,800 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Sunnova Energy International during the 2nd quarter valued at $78,000.

Wall Street Analysts Forecast Growth

NOVA has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. Guggenheim cut shares of Sunnova Energy International from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Truist Financial upped their price objective on shares of Sunnova Energy International from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Susquehanna raised their target price on Sunnova Energy International from $12.00 to $14.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price target on Sunnova Energy International from $6.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Sunnova Energy International has a consensus rating of “Moderate Buy” and a consensus target price of $10.89.

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.