Akbar Mohamed Purchases 54,717 Shares of Sunnova Energy International Inc. (NYSE:NOVA) Stock

Sunnova Energy International Inc. (NYSE:NOVA) Director Akbar Mohamed purchased 54,717 shares of the business’s stock in a transaction on Friday, November 15th. The shares were purchased at an average price 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 trade represents a 22.07 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

Sunnova Energy International Stock Down 5.6 %

NYSE NOVA opened at $3.45 on Wednesday. The stock’s 50 day moving average is $7.06 and its 200 day moving average is $6.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. Sunnova Energy International Inc. has a 12 month low of $2.99 and a 12 month high of $16.35. The stock has a market cap of $430.46 million, a PE ratio of -1.03 and a beta of 2.26.

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 firm had revenue of $235.30 million for the quarter, compared to analysts’ expectations 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 was up 18.6% on a year-over-year basis. During the same period last year, the company earned ($0.53) earnings per share. Research analysts predict that Sunnova Energy International Inc. will post -2.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NOVA has been the subject of a number of recent research reports. Wolfe Research downgraded Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Royal Bank of Canada boosted their price target on Sunnova Energy International from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Truist Financial boosted their price target on Sunnova Energy International from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Piper Sandler boosted their price target on Sunnova Energy International from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Wells Fargo & Company boosted their price target on Sunnova Energy International from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.89.

Institutional Trading of Sunnova Energy International

Several hedge funds have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Sunnova Energy International by 56.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,142,487 shares of the company’s stock worth $78,915,000 after acquiring an additional 5,118,552 shares in the last quarter. Sylebra Capital LLC raised its holdings in shares of Sunnova Energy International by 125.6% during the 3rd quarter. Sylebra Capital LLC now owns 12,443,048 shares of the company’s stock worth $121,195,000 after acquiring an additional 6,926,399 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Sunnova Energy International by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 10,568,045 shares of the company’s stock worth $64,782,000 after acquiring an additional 81,653 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Sunnova Energy International during the 3rd quarter worth approximately $76,550,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of Sunnova Energy International by 9.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,299,445 shares of the company’s stock worth $71,097,000 after acquiring an additional 611,452 shares in the last quarter.

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.