Sunnova Energy International (NYSE:NOVA) Price Target Lowered to $11.00 at JPMorgan Chase & Co.

Sunnova Energy International (NYSE:NOVA) had its target price cut by JPMorgan Chase & Co. from $14.00 to $11.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

NOVA has been the topic of several other reports. Morgan Stanley reduced their price objective on Sunnova Energy International from $12.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. BNP Paribas lowered Sunnova Energy International from a “neutral” rating to an “underperform” rating and set a $3.50 price target on the stock. in a research report on Friday, November 8th. Guggenheim downgraded Sunnova Energy International from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada cut shares of Sunnova Energy International from an “outperform” rating to a “sector perform” rating in a report on Monday, December 9th. Finally, Susquehanna cut shares of Sunnova Energy International from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $14.00 to $4.50 in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.64.

Sunnova Energy International Stock Performance

NYSE NOVA opened at $3.23 on Thursday. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $404.09 million, a P/E ratio of -0.97 and a beta of 2.29. The stock has a 50-day moving average of $4.01 and a two-hundred day moving average of $6.54. Sunnova Energy International has a 1-year low of $2.64 and a 1-year high of $13.00.

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). Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. The business had revenue of $235.30 million during the quarter, compared to analyst estimates of $238.23 million. During the same quarter last year, the firm posted ($0.53) EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, analysts anticipate that Sunnova Energy International will post -2.57 EPS for the current year.

Insider Transactions at Sunnova Energy International

In other Sunnova Energy International news, CFO Eric Michael Williams purchased 13,800 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $3.60 per share, for a total transaction of $49,680.00. Following the purchase, the chief financial officer now directly owns 13,800 shares in the company, valued at approximately $49,680. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Akbar Mohamed acquired 50,000 shares of the 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 completion of the transaction, the director now directly owns 352,654 shares in the company, valued at $1,283,660.56. The trade was a 16.52 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 118,517 shares of company stock worth $439,605. Insiders own 4.50% of the company’s stock.

Institutional Trading of Sunnova Energy International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in shares of Sunnova Energy International by 37,400.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,000 shares of the company’s stock valued at $308,000 after purchasing an additional 2,992 shares during the last quarter. GAMMA Investing LLC grew its position in Sunnova Energy International by 736.3% in the 3rd quarter. GAMMA Investing LLC now owns 8,756 shares of the company’s stock valued at $85,000 after buying an additional 7,709 shares during the last quarter. Creative Planning acquired a new position in Sunnova Energy International in the 3rd quarter valued at $107,000. PFG Investments LLC acquired a new position in Sunnova Energy International in the 3rd quarter valued at $130,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Sunnova Energy International during the 2nd quarter worth $78,000.

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.