Should I buy or sell Sunnova Energy International stock right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sunnova Energy International in the last twelve months. There are currently 5 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NOVA shares. View NOVA analyst ratings or view top-rated stocks .

What is Sunnova Energy International's stock price target for 2024?

22 equities research analysts have issued 12 month price objectives for Sunnova Energy International's shares. Their NOVA share price targets range from $9.00 to $58.00. On average, they expect the company's share price to reach $19.46 in the next twelve months. This suggests a possible upside of 414.7% from the stock's current price. View analysts price targets for NOVA or view top-rated stocks among Wall Street analysts .

How have NOVA shares performed in 2024?

Sunnova Energy International's stock was trading at $15.25 at the beginning of the year. Since then, NOVA stock has decreased by 75.2% and is now trading at $3.78. View the best growth stocks for 2024 here .

When is Sunnova Energy International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our NOVA earnings forecast .

How can I listen to Sunnova Energy International's earnings call?

Sunnova Energy International will be holding an earnings conference call on Thursday, May 2nd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Sunnova Energy International's earnings last quarter?

Sunnova Energy International Inc. (NYSE:NOVA) issued its earnings results on Wednesday, February, 21st. The company reported ($0.20) earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.04. The firm had revenue of $194.18 million for the quarter, compared to the consensus estimate of $226.09 million. Sunnova Energy International had a negative trailing twelve-month return on equity of 13.26% and a negative net margin of 58.00%.

What ETFs hold Sunnova Energy International's stock?

ETFs with the largest weight of Sunnova Energy International (NYSE:NOVA) stock in their portfolio include SoFi Smart Energy ETF (SHFT) , SoFi Smart Energy ETF (ENRG) , Fidelity Clean Energy ETF (FRNW) , SmartETFs Sustainable Energy II ETF (SOLR) , ProShares S&P Kensho Cleantech ETF (CTEX) , Invesco Solar ETF (TAN) , Parabla Innovation ETF (LZRD) and SPDR S&P Kensho Clean Power ETF (CNRG) .

What is William J. (John) Berger's approval rating as Sunnova Energy International's CEO?

71 employees have rated Sunnova Energy International Chief Executive Officer William J. (John) Berger on Glassdoor.com . William J. (John) Berger has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Sunnova Energy International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sunnova Energy International investors own include BioTelemetry (BEAT) , DexCom (DXCM) , Exact Sciences (EXAS) , Inogen (INGN) , Insulet (PODD) , Splunk (SPLK) , Tandem Diabetes Care (TNDM) , Veeva Systems (VEEV) , Axcelis Technologies (ACLS) and Albertsons Companies (ACI) .

When did Sunnova Energy International IPO?

Sunnova Energy International (NOVA) raised $301 million in an initial public offering on Thursday, July 25th 2019. The company issued 17,700,000 shares at $16.00-$18.00 per share. BofA Merrill Lynch, J.P. Morgan, Goldman Sachs and Credit Suisse acted as the underwriters for the IPO and KeyBanc Capital Markets, Baird and Roth Capital Partners were co-managers.

Who are Sunnova Energy International's major shareholders?

Sunnova Energy International's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Guinness Asset Management LTD (1.08%) and IMC Chicago LLC (0.00%). Insiders that own company stock include Akbar Mohamed , Arthur Dubose, Chris Hayden, Ecp Controlco, Llc, Jack O Lynch III, Kelsey Hultberg , Kris W Hillstrand , Meghan Nutting, Michael C Morgan , Michael P Grasso , Paul S Mathews and William J Berger . View institutional ownership trends .

How do I buy shares of Sunnova Energy International?

Shares of NOVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NYSE:NOVA

Sunnova Energy International (NOVA) Stock Price, News & Analysis

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$3.78

-0.14 (-3.57%)

(As of 04/18/2024 ET)

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Today's Range: $3.74
▼
$4.15
50-Day Range: $3.78
▼
$12.16
52-Week Range: $3.74
▼
$24.56

Volume: 7.08 million shs
Average Volume: 9.21 million shs
Market Capitalization: $468.12 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $19.46

Get Sunnova Energy International alerts:

Sunnova Energy International MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 414.7% Upside
$19.46 Price Target
Short Interest: Bearish
37.10% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 0.27
Based on 16 Articles This Week
Insider Trading: Acquiring Shares
$1.05 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($2.28) to ($1.77) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.08 out of 5 stars

Oils/Energy Sector

49th out of 226 stocks

Electric & Other Services Combined Industry

9th out of 17 stocks

4.4

Analyst's Opinion

Consensus Rating
Sunnova Energy International has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 16 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Sunnova Energy International has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
37.10% of the float of Sunnova Energy International has been sold short.
Short Interest Ratio / Days to Cover
Sunnova Energy International has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in Sunnova Energy International has recently increased by 8.77%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Sunnova Energy International does not currently pay a dividend.
Dividend Growth
Sunnova Energy International does not have a long track record of dividend growth.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Sunnova Energy International has received a 35.18% net impact score from Upright. Sunnova Energy seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Solar panels", "DC charging stations for electric vehicles", and "Installation services of solar panels" products. See details.
Environmental Sustainability
The Environmental Impact score for Sunnova Energy International is -0.55.

1.8

News and Social Media Coverage

News Sentiment
Sunnova Energy International has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for Sunnova Energy International this week, compared to 8 articles on an average week.
Search Interest
Only 45 people have searched for NOVA on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
MarketBeat Follows
Only 14 people have added Sunnova Energy International to their MarketBeat watchlist in the last 30 days. This is a decrease of -7% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sunnova Energy International insiders have bought 667.90% more of their company's stock than they have sold. Specifically, they have bought $1,054,954.00 in company stock and sold $137,382.00 in company stock.
Percentage Held by Insiders
Only 4.50% of the stock of Sunnova Energy International is held by insiders.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Sunnova Energy International are expected to grow in the coming year, from ($2.28) to ($1.77) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sunnova Energy International is -1.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sunnova Energy International is -1.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Sunnova Energy International has a P/B Ratio of 0.24. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Sunnova Energy International Stock (NYSE:NOVA)

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. As of December 31, 2023, it operated a fleet of residential solar energy systems with a generation capacity of approximately 2,292 megawatts serving over 419,000 customers. The company was incorporated in 2012 and is headquartered in Houston, Texas.

NOVA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NOVA Stock News Headlines

April 16, 2024 | prnewswire.com

The Gross Law Firm Notifies Shareholders of Sunnova Energy International Inc.(NOVA) of a Class Action Lawsuit and an Upcoming Deadline

April 15, 2024 | markets.businessinsider.com

48 HOUR DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sunnova Energy

April 18, 2024 | DTI (Ad)

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April 15, 2024 | businesswire.com

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Sunnova Energy International Inc. (NOVA)

April 15, 2024 | stockhouse.com

FINAL NOVA DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Sunnova Energy International Inc. Investors to Join the Class Action Lawsuit

April 15, 2024 | prnewswire.com

Contact Levi & Korsinsky by April 16, 2024 Deadline to Join Class Action Against Sunnova Energy International Inc.(NOVA)

April 14, 2024 | stockhouse.com

2-DAY DEADLINE ALERT: The Schall Law Firm Encourages Investors in Sunnova Energy International Inc. with Losses of $100,000 to Contact the Firm

April 14, 2024 | markets.businessinsider.com

RBC Capital Keeps Their Buy Rating on Sunnova Energy International (NOVA)

April 18, 2024 | DTI (Ad)

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April 13, 2024 | 247wallst.com

Sunnova Energy International Inc

April 13, 2024 | prnewswire.com

INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sunnova

April 13, 2024 | americanbankingnews.com

The Goldman Sachs Group Lowers Sunnova Energy International (NYSE:NOVA) Price Target to $12.00

April 12, 2024 | prnewswire.com

NOVA Investors Have Opportunity to Lead Sunnova Energy International Inc. Securities Fraud Lawsuit

April 12, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Sunnova Energy International Inc. of Class Action Lawsuit and Upcoming Deadlines - NOVA

April 12, 2024 | bizjournals.com

Energy, construction companies are growing fast in Houston’s middle market

April 12, 2024 | prnewswire.com

Shareholders that lost money on Sunnova Energy International Inc.(NOVA) Urged to Join Class Action - Contact The Gross Law Firm to Learn More

April 12, 2024 | americanbankingnews.com

Sunnova Energy International (NYSE:NOVA) Shares Gap Down to $5.40

April 12, 2024 | americanbankingnews.com

Sunnova Energy International (NYSE:NOVA) Stock Price Down 5.4% Following Analyst Downgrade

April 11, 2024 | stockhouse.com

5-DAY DEADLINE ALERT: The Schall Law Firm Encourages Investors in Sunnova Energy International Inc. with Losses of $100,000 to Contact the Firm

April 11, 2024 | americanbankingnews.com

Sunnova Energy International Inc. (NYSE:NOVA) Given Average Rating of "Moderate Buy" by Analysts

April 10, 2024 | prnewswire.com

ROSEN, A RANKED AND LEADING FIRM, Encourages Sunnova Energy International Inc. Investors to Secure Counsel Before Important April 16 Deadline in Securities Class Action - NOVA

April 10, 2024 | markets.businessinsider.com

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sunnova

April 10, 2024 | businesswire.com

Sunnova Announces First Quarter 2024 Earnings Release Date and Conference Call

April 10, 2024 | prnewswire.com

Sunnova Energy International Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - NOVA

April 9, 2024 | prnewswire.com

Sunnova Energy International Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before April 16, 2024 to Discuss Your Rights - NOVA

April 8, 2024 | markets.businessinsider.com

DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sunnova

April 8, 2024 | investorplace.com

Wall Street Favorites: 3 Solar Stocks With Strong Buy Ratings for April 2024

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Electric & other services combined
Sub-Industry: N/A
Current Symbol: NYSE:NOVA
CUSIP: N/A
CIK: 1772695
Web: www.sunnova.com
Phone: (281) 892-1588
Fax: N/A
Employees: 2,047
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $19.46
High Stock Price Target: $58.00
Low Stock Price Target: $9.00
Potential Upside/Downside: +392.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.82
Research Coverage: 22 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.50)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-417,960,000.00
Net Margins: -58.00%
Pretax Margin: -69.86%
Return on Equity: -13.26%
Return on Assets: -2.51%

Debt

Debt-to-Equity Ratio: 3.58
Current Ratio: 0.85
Quick Ratio: 0.85

Sales & Book Value

Annual Sales: $720.65 million
Price / Sales: 0.68
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $16.04 per share
Price / Book: 0.25

Miscellaneous

Outstanding Shares: 123,840,000
Free Float: 118,268,000
Market Cap: $489.17 million
Optionable: Optionable
Beta: 2.08

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Key Executives

Mr. William Jackson Berger (Age 50)
Chairman, President & CEO
Comp: $989.91k
Mr. Robert Lawrence Lane (Age 52)
Executive VP & CFO
Comp: $568.51k
Mr. Walter Andrew Baker (Age 62)
Senior Vice President of Legal
Comp: $512.49k
Mr. Michael P. Grasso (Age 51)
Executive VP & Chief Revenue Officer
Comp: $512.49k
Mr. Paul S. Mathews (Age 42)
Executive VP & COO
Mr. Rodney McMahan
Vice President of Investor Relations
Mr. David C. Searle (Age 47)
Executive VP & General Counsel
Ms. Kelsey Hultberg (Age 33)
Executive Vice President of Corporate Communications & Sustainability
Mr. Jackson O. Lynch III (Age 55)
Executive VP & Chief Human Resources Officer
Ms. Meghan Nutting (Age 42)
Executive Vice President of Government & Regulatory Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NOVA Stock Analysis - Frequently Asked Questions

Should I buy or sell Sunnova Energy International stock right now?: 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sunnova Energy International in the last twelve months. There are currently 5 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NOVA shares.
View NOVA analyst ratings or view top-rated stocks.
What is Sunnova Energy International's stock price target for 2024?: 22 equities research analysts have issued 12 month price objectives for Sunnova Energy International's shares. Their NOVA share price targets range from $9.00 to $58.00. On average, they expect the company's share price to reach $19.46 in the next twelve months. This suggests a possible upside of 414.7% from the stock's current price.
View analysts price targets for NOVA or view top-rated stocks among Wall Street analysts.
How have NOVA shares performed in 2024?: Sunnova Energy International's stock was trading at $15.25 at the beginning of the year. Since then, NOVA stock has decreased by 75.2% and is now trading at $3.78.
View the best growth stocks for 2024 here.
When is Sunnova Energy International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our NOVA earnings forecast.
How can I listen to Sunnova Energy International's earnings call?: Sunnova Energy International will be holding an earnings conference call on Thursday, May 2nd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Sunnova Energy International's earnings last quarter?: Sunnova Energy International Inc. (NYSE:NOVA) issued its earnings results on Wednesday, February, 21st. The company reported ($0.20) earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.04. The firm had revenue of $194.18 million for the quarter, compared to the consensus estimate of $226.09 million. Sunnova Energy International had a negative trailing twelve-month return on equity of 13.26% and a negative net margin of 58.00%.

What ETFs hold Sunnova Energy International's stock?: ETFs with the largest weight of Sunnova Energy International (NYSE:NOVA) stock in their portfolio include SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG), Fidelity Clean Energy ETF (FRNW), SmartETFs Sustainable Energy II ETF (SOLR), ProShares S&P Kensho Cleantech ETF (CTEX), Invesco Solar ETF (TAN), Parabla Innovation ETF (LZRD) and SPDR S&P Kensho Clean Power ETF (CNRG).
What is William J. (John) Berger's approval rating as Sunnova Energy International's CEO?: 71 employees have rated Sunnova Energy International Chief Executive Officer William J. (John) Berger on Glassdoor.com. William J. (John) Berger has an approval rating of 90% among the company's employees.
What other stocks do shareholders of Sunnova Energy International own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Sunnova Energy International investors own include BioTelemetry (BEAT), DexCom (DXCM), Exact Sciences (EXAS), Inogen (INGN), Insulet (PODD), Splunk (SPLK), Tandem Diabetes Care (TNDM), Veeva Systems (VEEV), Axcelis Technologies (ACLS) and Albertsons Companies (ACI).
When did Sunnova Energy International IPO?: Sunnova Energy International (NOVA) raised $301 million in an initial public offering on Thursday, July 25th 2019. The company issued 17,700,000 shares at $16.00-$18.00 per share. BofA Merrill Lynch, J.P. Morgan, Goldman Sachs and Credit Suisse acted as the underwriters for the IPO and KeyBanc Capital Markets, Baird and Roth Capital Partners were co-managers.
Who are Sunnova Energy International's major shareholders?: Sunnova Energy International's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Guinness Asset Management LTD (1.08%) and IMC Chicago LLC (0.00%). Insiders that own company stock include Akbar Mohamed, Arthur Dubose, Chris Hayden, Ecp Controlco, Llc, Jack O Lynch III, Kelsey Hultberg, Kris W Hillstrand, Meghan Nutting, Michael C Morgan, Michael P Grasso, Paul S Mathews and William J Berger.
View institutional ownership trends.
How do I buy shares of Sunnova Energy International?: Shares of NOVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NOVA) was last updated on 4/18/2024 by MarketBeat.com Staff

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Sunnova Energy International (NOVA) Stock Price, News & Analysis

Sunnova Energy International MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Sunnova Energy International Stock (NYSE:NOVA)

NOVA Stock Price History

NOVA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NOVA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™