Sunnova Energy International Inc. (NYSE:NOVA) Director Akbar Mohamed Purchases 50,000 Shares

Sunnova Energy International Inc. (NYSE:NOVA) Director Akbar Mohamed bought 50,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $3.64 per share, for a total transaction of $182,000.00. Following the transaction, the director now directly owns 352,654 shares in the company, valued at approximately $1,283,660.56. This trade represents a 16.52 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 shares were acquired at an average cost of $3.80 per share, for a total transaction of $207,924.60.

Sunnova Energy International Stock Up 1.2 %

Sunnova Energy International stock opened at $4.28 on Friday. The firm has a market capitalization of $534.77 million, a P/E ratio of -1.28 and a beta of 2.26. The stock’s fifty day simple moving average is $6.79 and its 200-day simple moving average is $6.88. Sunnova Energy International Inc. has a twelve month low of $2.99 and a twelve month high of $16.35. 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 (NYSE:NOVA) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.45). The firm had revenue of $235.30 million during the quarter, compared to analyst estimates of $238.23 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. Sunnova Energy International’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 business posted ($0.53) earnings per share. As a group, equities analysts expect that Sunnova Energy International Inc. will post -2.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sunnova Energy International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Peoples Bank KS purchased a new position in shares of Sunnova Energy International during the second quarter worth about $56,000. Caxton Associates LP acquired a new stake in Sunnova Energy International during the 1st quarter worth approximately $62,000. Presidio Capital Management LLC purchased a new position in Sunnova Energy International in the 2nd quarter valued at $67,000. nVerses Capital LLC boosted its holdings in shares of Sunnova Energy International by 237.8% in the second quarter. nVerses Capital LLC now owns 12,500 shares of the company’s stock valued at $70,000 after acquiring an additional 8,800 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Sunnova Energy International during the second quarter worth $78,000.

Wall Street Analysts Forecast Growth

NOVA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating on the stock in a report on Friday, November 1st. Piper Sandler increased their price objective on Sunnova Energy International from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Citigroup dropped their target price on Sunnova Energy International from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. BNP Paribas downgraded Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price target for the company. in a report on Friday, November 8th. Finally, Scotiabank boosted their price target on Sunnova Energy International from $10.00 to $14.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunnova Energy International currently has a consensus rating of “Moderate Buy” and a consensus price target 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.