Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) – Research analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for shares of Sunnova Energy International in a research report issued to clients and investors on Monday, November 21st. B. Riley analyst C. Souther anticipates that the company will post earnings per share of ($0.05) for the year. The consensus estimate for Sunnova Energy International’s current full-year earnings is ($1.52) per share.
Several other brokerages have also issued reports on NOVA. Royal Bank of Canada upped their price target on Sunnova Energy International from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group increased their price objective on Sunnova Energy International to $26.00 in a report on Monday. Northland Securities increased their price objective on Sunnova Energy International from $28.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 18th. Susquehanna Bancshares began coverage on Sunnova Energy International in a research note on Monday, October 17th. They issued a “positive” rating and a $38.00 price target for the company. Finally, Capital One Financial restated an “overweight” rating on shares of Sunnova Energy International in a research note on Wednesday, November 16th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.06.
Sunnova Energy International Stock Performance
Sunnova Energy International (NYSE:NOVA – Get Rating) last posted its earnings results on Wednesday, October 26th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.26). Sunnova Energy International had a negative return on equity of 10.57% and a negative net margin of 34.38%. The company had revenue of $149.36 million during the quarter, compared to analyst estimates of $129.49 million.
Institutional Investors Weigh In On Sunnova Energy International
A number of large investors have recently added to or reduced their stakes in NOVA. Captrust Financial Advisors lifted its stake in Sunnova Energy International by 236.4% in the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock worth $34,000 after purchasing an additional 1,045 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in Sunnova Energy International in the 2nd quarter worth about $38,000. Sierra Capital LLC bought a new position in Sunnova Energy International in the 2nd quarter worth about $58,000. US Bancorp DE lifted its position in shares of Sunnova Energy International by 168.8% in the 1st quarter. US Bancorp DE now owns 2,809 shares of the company’s stock worth $65,000 after purchasing an additional 1,764 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Sunnova Energy International in the 3rd quarter worth approximately $66,000.
Sunnova Energy International Company Profile
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.
- Get a free copy of the StockNews.com research report on Sunnova Energy International (NOVA)
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