Corient Private Wealth LLC Has $7.79 Million Holdings in Sunnova Energy International Inc. (NYSE:NOVA)

Corient Private Wealth LLC lessened its holdings in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,271,833 shares of the company’s stock after selling 19,107 shares during the period. Corient Private Wealth LLC owned approximately 1.82% of Sunnova Energy International worth $7,792,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NOVA. Quest Partners LLC boosted its holdings in Sunnova Energy International by 101,695.5% during the third quarter. Quest Partners LLC now owns 67,185 shares of the company’s stock worth $654,000 after purchasing an additional 67,119 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Sunnova Energy International by 190.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 744,686 shares of the company’s stock worth $7,253,000 after buying an additional 488,623 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Sunnova Energy International during the 3rd quarter worth about $370,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Sunnova Energy International by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 901,433 shares of the company’s stock valued at $8,780,000 after acquiring an additional 134,065 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Sunnova Energy International in the third quarter valued at about $989,000.

Sunnova Energy International Stock Up 44.1 %

NYSE NOVA opened at $0.53 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.26. The company has a market cap of $66.67 million, a price-to-earnings ratio of -0.16 and a beta of 2.64. The company has a 50 day moving average of $1.94 and a 200-day moving average of $4.75. Sunnova Energy International Inc. has a 1-year low of $0.25 and a 1-year high of $13.00.

Sunnova Energy International (NYSE:NOVA) last released its earnings results on Monday, March 3rd. The company reported ($2.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($2.17). Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The company had revenue of $224.13 million for the quarter, compared to the consensus estimate of $235.85 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. On average, equities research analysts expect that Sunnova Energy International Inc. will post -2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NOVA has been the subject of several recent research reports. Janney Montgomery Scott cut Sunnova Energy International from a “buy” rating to a “neutral” rating and set a $1.00 price target for the company. in a research report on Tuesday, March 4th. Citigroup downgraded Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 13th. Wells Fargo & Company downgraded shares of Sunnova Energy International from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $4.00 to $0.50 in a report on Tuesday, March 4th. Barclays cut shares of Sunnova Energy International from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $9.00 to $1.00 in a research note on Wednesday, March 5th. Finally, Robert W. Baird restated a “neutral” rating and set a $2.00 price objective (down from $9.00) on shares of Sunnova Energy International in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.39.

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.