Jade Capital Advisors LLC Acquires New Position in Sunnova Energy International Inc. (NYSE:NOVA)

Jade Capital Advisors LLC bought a new position in shares of Sunnova Energy International Inc. (NYSE:NOVA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $195,000.

A number of other hedge funds also recently added to or reduced their stakes in NOVA. Peoples Bank KS acquired a new stake in shares of Sunnova Energy International in the 2nd quarter worth approximately $56,000. Caxton Associates LP acquired a new position in shares of Sunnova Energy International in the first quarter worth $62,000. First Trust Direct Indexing L.P. purchased a new stake in shares of Sunnova Energy International in the first quarter valued at $66,000. Presidio Capital Management LLC acquired a new stake in shares of Sunnova Energy International during the second quarter valued at $67,000. Finally, nVerses Capital LLC increased its position in Sunnova Energy International by 237.8% during the 2nd quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock worth $70,000 after purchasing an additional 8,800 shares in the last quarter.

Insider Buying and Selling

In other Sunnova Energy International news, insider William J. Berger sold 77,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $11.31, for a total value of $870,870.00. Following the sale, the insider now directly owns 409,045 shares in the company, valued at approximately $4,626,298.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Guggenheim upped their target price on shares of Sunnova Energy International from $7.00 to $10.00 and gave the company a “buy” rating in a report on Friday, July 26th. Morgan Stanley increased their target price on shares of Sunnova Energy International from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 21st. Piper Sandler boosted their price objective on shares of Sunnova Energy International from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Barclays cut their target price on shares of Sunnova Energy International from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Scotiabank upped their price target on shares of Sunnova Energy International from $10.00 to $14.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.22.

Sunnova Energy International Price Performance

Shares of NYSE NOVA opened at $5.23 on Tuesday. The business has a 50 day simple moving average of $9.38 and a 200-day simple moving average of $6.85. Sunnova Energy International Inc. has a twelve month low of $3.37 and a twelve month high of $16.35. The company has a market capitalization of $647.81 million, a price-to-earnings ratio of -1.55 and a beta of 2.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 3.11.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.27. The business had revenue of $219.60 million during the quarter, compared to analyst estimates of $220.38 million. Sunnova Energy International had a negative net margin of 45.76% and a negative return on equity of 8.85%. The company’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.74) EPS. As a group, equities research analysts expect that Sunnova Energy International Inc. will post -1.86 earnings per share for the current year.

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.