Sunnova Energy International (NOVA) Set to Announce Earnings on Wednesday

Sunnova Energy International (NYSE:NOVA) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Sunnova Energy International to post earnings of ($0.53) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Sunnova Energy International (NYSE:NOVA) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.57) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.22. The business had revenue of $160.90 million during the quarter, compared to analyst estimates of $193.78 million. Sunnova Energy International had a negative net margin of 56.52% and a negative return on equity of 12.10%. Sunnova Energy International’s revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned ($0.70) EPS. On average, analysts expect Sunnova Energy International to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Sunnova Energy International Trading Down 10.1 %

Shares of NYSE NOVA opened at $7.23 on Tuesday. The firm’s 50 day moving average price is $5.85 and its 200-day moving average price is $6.50. Sunnova Energy International has a 52-week low of $3.37 and a 52-week high of $18.49. 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 company has a market cap of $896.39 million, a PE ratio of -2.15 and a beta of 2.19.

Analyst Ratings Changes

Several equities analysts recently issued reports on NOVA shares. Susquehanna upped their price objective on Sunnova Energy International from $10.00 to $12.00 and gave the company a “positive” rating in a research report on Monday, July 15th. Wells Fargo & Company reissued an “equal weight” rating and issued a $6.00 target price (down previously from $11.00) on shares of Sunnova Energy International in a research report on Friday, April 19th. Mizuho lowered their target price on shares of Sunnova Energy International from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Guggenheim lifted their price target on shares of Sunnova Energy International from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Morgan Stanley decreased their price objective on shares of Sunnova Energy International from $14.00 to $10.00 and set an “equal weight” rating for the company in a report on Friday, June 14th. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong 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 $14.80.

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.