FY2024 Earnings Estimate for Sunnova Energy International Inc. (NYSE:NOVA) Issued By B. Riley

Sunnova Energy International Inc. (NYSE:NOVAGet 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

Shares of NYSE:NOVA opened at $23.05 on Tuesday. The business’s fifty day moving average price is $21.17 and its two-hundred day moving average price is $21.53. Sunnova Energy International has a fifty-two week low of $12.47 and a fifty-two week high of $39.24. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -17.43 and a beta of 2.04. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.05 and a quick ratio of 2.05.

Sunnova Energy International (NYSE:NOVAGet 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

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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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Earnings History and Estimates for Sunnova Energy International (NYSE:NOVA)

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