Sunnova Energy International Inc. (NYSE:NOVA) Given Consensus Recommendation of “Hold” by Analysts

Shares of Sunnova Energy International Inc. (NYSE:NOVA) have received a consensus rating of “Hold” from the twenty-six research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twenty-two have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $4.36.

A number of equities analysts recently weighed in on NOVA shares. Wells Fargo & Company lowered shares of Sunnova Energy International from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $4.00 to $0.50 in a research report on Tuesday, March 4th. Royal Bank of Canada dropped their target price on shares of Sunnova Energy International from $5.00 to $0.75 and set a “sector perform” rating for the company in a research report on Tuesday, March 4th. Piper Sandler dropped their target price on shares of Sunnova Energy International from $4.50 to $1.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. BMO Capital Markets dropped their target price on shares of Sunnova Energy International from $4.00 to $0.85 and set a “market perform” rating for the company in a research report on Tuesday, March 4th. Finally, Baird R W lowered shares of Sunnova Energy International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Sunnova Energy International Stock Performance

NOVA opened at $0.16 on Tuesday. The firm has a market cap of $19.86 million, a P/E ratio of -0.05 and a beta of 2.99. Sunnova Energy International has a 1-year low of $0.15 and a 1-year high of $13.00. The company has a 50 day simple moving average of $0.21 and a two-hundred day simple moving average of $1.67. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86.

Institutional Investors Weigh In On Sunnova Energy International

Several institutional investors have recently made changes to their positions in NOVA. Stratos Wealth Partners LTD. purchased a new position in Sunnova Energy International in the 4th quarter worth about $114,000. Atria Wealth Solutions Inc. increased its stake in 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 buying an additional 11,435 shares during the period. Wolverine Asset Management LLC increased its stake in Sunnova Energy International by 50.6% in the 4th quarter. Wolverine Asset Management LLC now owns 378,109 shares of the company’s stock worth $1,297,000 after buying an additional 126,986 shares during the period. Versor Investments LP purchased a new position in Sunnova Energy International in the 4th quarter worth about $79,000. Finally, Teilinger Capital Ltd. purchased a new position in Sunnova Energy International in the 4th quarter worth about $3,588,000.

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.