Sunnova Energy International Sees Unusually Large Options Volume (NYSE:NOVA)

Sunnova Energy International Inc. (NYSE:NOVA) was the target of some unusual options trading on Monday. Stock traders bought 33,668 put options on the company. This is an increase of 225% compared to the average daily volume of 10,351 put options.

Sunnova Energy International Price Performance

Shares of NYSE NOVA opened at $0.60 on Tuesday. The firm has a market capitalization of $74.77 million, a P/E ratio of -0.18 and a beta of 2.28. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The stock’s 50-day simple moving average is $2.82 and its two-hundred day simple moving average is $5.58. Sunnova Energy International has a twelve month low of $0.48 and a twelve month high of $13.00.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of Sunnova Energy International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $9.00 to $2.00 in a report on Friday, February 7th. TD Cowen started coverage on Sunnova Energy International in a report on Thursday, December 19th. They set a “hold” rating and a $5.00 price objective for the company. Capital One Financial lowered Sunnova Energy International from an “overweight” rating to an “equal weight” rating in a research note on Monday. Royal Bank of Canada cut Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a research report on Monday, December 9th. Finally, Piper Sandler decreased their price objective on Sunnova Energy International from $8.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Sunnova Energy International currently has a consensus rating of “Hold” and a consensus price target of $8.72.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Creative Planning bought a new position in shares of Sunnova Energy International in the 3rd quarter worth $107,000. International Assets Investment Management LLC grew its position in Sunnova Energy International by 37,400.0% in the third quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock worth $308,000 after acquiring an additional 2,992 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Sunnova Energy International in the third quarter valued at $260,000. First Trust Direct Indexing L.P. raised its position in Sunnova Energy International by 11.6% during the third quarter. First Trust Direct Indexing L.P. now owns 19,373 shares of the company’s stock valued at $189,000 after purchasing an additional 2,016 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in Sunnova Energy International by 28.4% during the third quarter. GSA Capital Partners LLP now owns 130,741 shares of the company’s stock valued at $1,273,000 after purchasing an additional 28,931 shares in the last quarter.

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.