Oppenheimer & Co. Inc. Sells 9,150 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Oppenheimer & Co. Inc. lowered its stake in Sunnova Energy International Inc. (NYSE:NOVAGet Rating) by 25.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,250 shares of the company’s stock after selling 9,150 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sunnova Energy International were worth $484,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NOVA. Summit Partners Public Asset Management LLC increased its stake in shares of Sunnova Energy International by 8,193.0% in the 1st quarter. Summit Partners Public Asset Management LLC now owns 1,717,822 shares of the company’s stock valued at $39,613,000 after acquiring an additional 1,697,108 shares in the last quarter. Phoenix Holdings Ltd. bought a new stake in shares of Sunnova Energy International in the 1st quarter valued at $25,390,000. Handelsbanken Fonder AB increased its stake in Sunnova Energy International by 24.2% during the 1st quarter. Handelsbanken Fonder AB now owns 4,999,620 shares of the company’s stock valued at $115,291,000 after purchasing an additional 973,966 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Sunnova Energy International by 130.8% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,500,000 shares of the company’s stock valued at $27,645,000 after purchasing an additional 849,956 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new stake in Sunnova Energy International during the 1st quarter valued at $13,803,000.

Sunnova Energy International Stock Performance

Shares of Sunnova Energy International stock opened at $23.42 on Thursday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 3.00. The firm has a market capitalization of $2.69 billion, a P/E ratio of -18.15 and a beta of 2.04. The business has a fifty day simple moving average of $21.68 and a two-hundred day simple moving average of $21.38. Sunnova Energy International Inc. has a 12 month low of $12.47 and a 12 month high of $42.46.

Analyst Ratings Changes

NOVA has been the subject of several recent analyst reports. Truist Financial reduced their target price on shares of Sunnova Energy International from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Susquehanna assumed coverage on shares of Sunnova Energy International in a report on Monday, October 17th. They issued a “positive” rating and a $38.00 price target on the stock. Royal Bank of Canada decreased their price objective on shares of Sunnova Energy International from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Guggenheim increased their price target on shares of Sunnova Energy International to $51.00 in a research report on Tuesday, November 1st. Finally, B. Riley reduced their price target on shares of Sunnova Energy International from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, October 25th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.

About Sunnova Energy International

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Sunnova Energy International Inc provides residential energy services 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 diagnostics services. As of December 31, 2021, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,140 megawatts serving over 195,000 customers.

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Institutional Ownership by Quarter for Sunnova Energy International (NYSE:NOVA)

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