Sunnova Energy International (NYSE:NOVA) Downgraded by Jefferies Financial Group to Hold

Jefferies Financial Group downgraded shares of Sunnova Energy International (NYSE:NOVA) from a buy rating to a hold rating in a research note published on Friday morning, Marketbeat.com reports. Jefferies Financial Group currently has $2.00 price objective on the stock, down from their prior price objective of $9.00.

NOVA has been the subject of a number of other reports. Robert W. Baird decreased their price target on Sunnova Energy International from $12.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. TD Cowen assumed coverage on shares of Sunnova Energy International in a report on Thursday, December 19th. They issued a “hold” rating and a $5.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Sunnova Energy International from $9.00 to $6.25 and set a “hold” rating on the stock in a research report on Friday, November 1st. Morgan Stanley decreased their price target on shares of Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Finally, Wells Fargo & Company reduced their price objective on Sunnova Energy International from $8.00 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.03.

Sunnova Energy International Stock Down 9.6 %

NOVA opened at $2.23 on Friday. Sunnova Energy International has a fifty-two week low of $2.21 and a fifty-two week high of $13.00. The company’s 50-day moving average is $3.65 and its 200 day moving average is $6.27. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86.

Insider Activity

In related news, Director Akbar Mohamed purchased 54,717 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of $3.80 per share, with a total value of $207,924.60. Following the purchase, the director now directly owns 302,654 shares of the company’s stock, valued at approximately $1,150,085.20. This trade represents a 22.07 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Eric Michael Williams acquired 13,800 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $3.60 per share, with a total value of $49,680.00. Following the purchase, the chief financial officer now owns 13,800 shares of the company’s stock, valued at approximately $49,680. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 118,517 shares of company stock worth $439,605. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sunnova Energy International

Large investors have recently added to or reduced their stakes in the company. Kempner Capital Management Inc. bought a new stake in shares of Sunnova Energy International in the fourth quarter worth about $51,000. PFG Investments LLC raised its holdings in shares of Sunnova Energy International by 37.0% during the fourth quarter. PFG Investments LLC now owns 18,345 shares of the company’s stock valued at $63,000 after acquiring an additional 4,955 shares in the last quarter. Versor Investments LP bought a new stake in Sunnova Energy International in the fourth quarter valued at $79,000. GAMMA Investing LLC increased its position in Sunnova Energy International by 736.3% during the 3rd quarter. GAMMA Investing LLC now owns 8,756 shares of the company’s stock valued at $85,000 after purchasing an additional 7,709 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Sunnova Energy International by 85.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 24,845 shares of the company’s stock worth $85,000 after purchasing an additional 11,435 shares during the period.

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.